Market Analysis of NASDAQ on Tuesday 08 October 2024

2024-10-08 10:09Source:BtcDana

Nasdaq 100 (CME)‎ (Z4)‎ Intraday: the downside prevails.

Pivot:

20180.00

Our preference:

Short positions below 20180.00 with targets at 19880.00 & 19690.00 in extension.

Alternative scenario:

Above 20180.00 look for further upside with 20250.00 & 20400.00 as targets.

Comment:

As long as the resistance at 20180.00 is not surpassed, the risk of the break below 19880.00 remains high.

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