Market Analysis of NASDAQ on Wednesday 17 August 2022

2022-08-17 09:54Source:BtcDana

Nasdaq 100 (CME)‎ (U2)‎ Intraday: bullish bias above 13550.00.

 

Pivot:

13550.00

 

Our preference:

Long positions above 13550.00 with targets at 13740.00 & 13810.00 in extension.

 

Alternative scenario:

Below 13550.00 look for further downside with 13490.00 & 13400.00 as targets.

 

Comment:

The RSI lacks downward momentum.

https://asset.onetrader.online/upload/file/1660665600000/1660701359339.png

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