Market Analysis of NASDAQ on Tuesday 2 January 2024

2024-01-02 10:31Source:BtcDana

Nasdaq 100 (CME)‎ (H4)‎ Intraday: under pressure.

 

Pivot:

17070.00

 

Our preference:

Short positions below 17070.00 with targets at 16940.00 & 16900.00 in extension.

 

Alternative scenario:

Above 17070.00 look for further upside with 17130.00 & 17165.00 as targets.

 

Comment:

As long as 17070.00 is resistance, look for choppy price action with a bearish bias.

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