Market Analysis of NASDAQ on Monday 27 May 2024

2024-05-27 10:07Source:BtcDana

Nasdaq 100 (CME)‎ (M4)‎ Intraday: intraday support around 18800.00.


Pivot:
18800.00


Our preference:
Long positions above 18800.00 with targets at 18930.00 & 19020.00 in extension.

Alternative scenario:
Below 18800.00 look for further downside with 18690.00 & 18620.00 as targets.

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

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