Market Analysis of NASDAQ on Monday 29 August 2022

2022-08-29 09:46Source:BtcDana

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

 

Pivot:

12690.00

 

Our preference:

Short positions below 12690.00 with targets at 12200.00 & 12080.00 in extension.

 

Alternative scenario:

Above 12690.00 look for further upside with 12820.00 & 12930.00 as targets.

 

Comment:

The RSI has broken down its 30 level.

https://asset.onetrader.online/upload/file/1661702400000/1661737630181.png


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