Market Analysis of NASDAQ on Monday 12 June 20

2023-06-12 10:47Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: bullish bias above 14690.00.

 

Pivot:

14690.00

 

Our preference:

Long positions above 14690.00 with targets at 14860.00 & 14960.00 in extension.

 

Alternative scenario:

Below 14690.00 look for further downside with 14640.00 & 14590.00 as targets.

 

Comment:

A support base at 14690.00 has formed and has allowed for a temporary stabilisation.

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