New York scholarships ended the week high, with S&P 500 recording a 5.7% appreciation – its best weekly performance since November 2023 – and Nasdaq advanced 7.3%, marking the largest leap since November 2022. Recovery has been driven by economic data above expectations and solid results from large American banks, such as JPMorgan, which, despite the increase in provisions For credit, managed to overcome market estimates.
Another factor that boosted optimism was the retreat of the Producer Price Index (PPI), which contradicted the high projections and brought signs of relief in inflationary pressures. On the other hand, the consumer’s feeling, measured by the University of Michigan, presented fragility, retreating to 50.8 points. Big Tech’s performance was mixed, with Apple registering discharge, while semiconductor companies were pressured by new tariffs imposed by China. Nevertheless, the week was marked by a strong buyer flow and a significant technical recovery from the main rates.
To understand the possible movements of Nasdaq and S&P 500, check out the detailed technical analysis and the main levels of support and resistance.
Technical Analysis of S&P 500
In the daily chart, the S&P 500 remains pressed below a short -term high trend line (LTA), maintaining a descendant top and background structure. However, the successful test of the 4,920-point region-which managed to contain the seller pressure-reactivated some buying traction, indicating a possible attempted recovery in the short term.
The interval between 4,920 and 5,115 points remains the short -term watershed. If this track is lost, a low pivot can be triggered, making room for the index to look for supports at 4,680, 4,530 and, in a more pessimistic scenario, 4,100 points.
To resume the high trajectory, the S&P 500 needs to break the maximum of the power candle recorded on April 9, located at 5,480 points. Above this level, the index can target the regions of 5,680, 5,880 and later 6,050 points, with the historical top at 6,150 points acting as the main resistance in the short and medium term.
Continues after advertising
Medium term analysis
In the weekly chart, the S&P 500 respected a support region close to 5,835 points – a level that previously functioned as resistance and now gains relevance by the bipolarity principle. This track also coincides with a medium -term high -term trend line (LTA), further reinforcing the technical importance of this support.
Last week’s candle closed over half of the previous candle, indicating a possible sign of reversal and reklining of the high trend. If this movement is confirmed and continues, the S&P 500 can look for targets at 5,680 points and later the historical top at 6,150 points.
On the other hand, a consistent loss of the region of 5,835 points would change the scenario, possibly activating a medium -term trend reversal. In this case, the targets designed for a broader correction would be 4,100, 3,790 and, in a more pessimistic scenario, 3,500 points.
Continues after advertising
Check out our analyzes:
Technical Analysis of NASDAQ
In the daily chart, the index presented a strong reaction, highlighting the trading session last Wednesday (9), when it registered an increase exceeding 12%. Currently, it is negotiating between the averages of 9 and 21 periods, a crucial transition zone that should determine the next market movements.
To support the recovery, the index must consolidate the above high of averages and exceed resistance in the 19,152, 20,292 regions and, later, 21,350 points. The breakdown of these zones can pave the way for a new historical top test.
Continues after advertising
On the other hand, if the buying force loses breath and the region between 18,520 and 18,000 points is broken, the scenario can deteriorate. In this case, the supports at 17,000 and 16,542 points become critical levels – and, if broken, can make room for more pronounced falls, with the next target at 15,700 points.
Medium term analysis
In the weekly chart, the Nasdaq structure reveals that the discharge trend was interrupted after the historical top ruptures in the 22,222 points. From this point, the index began a broader corrective movement, which intensified until the year’s minimum test.
During the corrective movement, the index broke a significant LTA and began to operate below the moving averages of 9 and 21 periods, signaling a weakening of the high trend. However, the recent reaction, accompanied by a strong buyer volume input, points to a possible reversal attempt.
Continues after advertising
To consolidate the scenario change, Nasdaq will need to overcome moving averages and break important resistances in the range between 19,560 and 20,775 points. Above this region, the next technical target will be the historic top. On the other hand, in the case of seller pressure, attention turns to the region between 17,000 and 16,542 points. If these brackets are broken, the low movement can gain strength, with fall potential up to 14,000 points.
(Rodrigo Paz is a technical analyst)
Technical analysis guides:
Check out more content about technical analysis at IM Trader. Daily, Infomoney publishes what to expect from the dollar and index mini -points.