Market Analysis of NASDAQ on 18 August 2022

2022-08-18 10:02Source:BtcDana

Nasdaq 100 (CME)‎ (U2)‎ Intraday: under pressure.

 

Pivot:

13550.00

 

Our preference:

Short positions below 13550.00 with targets at 13390.00 & 13315.00 in extension.

 

Alternative scenario:

Above 13550.00 look for further upside with 13665.00 & 13740.00 as targets.

 

Comment:

Technically the RSI is below its neutrality area at 50.

https://asset.onetrader.online/upload/file/1660752000000/1660788199335.png

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