Market Analysis of NASDAQ on Wednesday 3 January 2024

2024-01-03 10:10Source:BtcDana

Nasdaq 100 (CME)‎ (H4)‎ Intraday: the downside prevails.

 

Pivot:

16785.00

 

Our preference:

Short positions below 16785.00 with targets at 16600.00 & 16540.00 in extension.

 

Alternative scenario:

Above 16785.00 look for further upside with 16875.00 & 16940.00 as targets.

 

Comment:

As long as 16785.00 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

More