Market Analysis of NASDAQ on Thursday 15 August 2024

2024-08-15 10:07Source:BtcDana

Nasdaq 100 (CME)‎ (U4)‎ Intraday: the bias remains bullish.

Pivot:

18930.00

Our preference:

Long positions above 18930.00 with targets at 19290.00 & 19490.00 in extension.

Alternative scenario:

Below 18930.00 look for further downside with 18790.00 & 18640.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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