Market Analysis of NASDAQ on Friday 12 August 2022

2022-08-12 09:50Source:BtcDana

Nasdaq 100 (CME)‎ (U2)‎ Intraday: consolidation in place.

 

Pivot:

13390.00

 

Our preference:

Short positions below 13390.00 with targets at 13240.00 & 13100.00 in extension.

 

Alternative scenario:

Above 13390.00 look for further upside with 13580.00 & 13670.00 as targets.

 

Comment:

Technically the RSI is below its neutrality area at 50.

https://asset.onetrader.online/upload/file/1660233600000/1660269076406.png

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