Market Analysis of NASDAQ on Wednesday 5 October 2022

2022-10-05 09:54Source:BtcDana

Nasdaq 100 (CME)‎ (Z2)‎ Intraday: intraday support around 11510.00.

 

Pivot:

11510.00

 

Our preference:

Long positions above 11510.00 with targets at 11790.00 & 11940.00 in extension.

 

Alternative scenario:

Below 11510.00 look for further downside with 11330.00 & 11240.00 as targets.

 

Comment:

Technically the RSI is above its neutrality area at 50.

https://asset.onetrader.online/upload/file/1664899200000/1664934917735.png

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.



More