Market Analysis of NASDAQ on Wednesday 29 May 2024

2024-05-29 10:09Source:BtcDana

Nasdaq 100 (CME)‎ (M4)‎ Intraday: intraday support around 18890.00.

 

Pivot:

18890.00

 

Our preference:

Long positions above 18890.00 with targets at 18980.00 & 19020.00 in extension.

 

Alternative scenario:

Below 18890.00 look for further downside with 18840.00 & 18760.00 as targets.

 

Comment:

The break above 18890.00 is a positive signal that has opened a path to 18980.00.

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