Market Analysis of NASDAQ on Wednesday 12 October 2022

2022-10-12 09:47Source:BtcDana

Nasdaq 100 (CME)‎ (Z2)‎ Intraday: under pressure.

 

Pivot:

10980.00

 

Our preference:

Short positions below 10980.00 with targets at 10700.00 & 10620.00 in extension.

 

Alternative scenario:

Above 10980.00 look for further upside with 11065.00 & 11170.00 as targets.

 

Comment:

The RSI shows downside momentum.

https://asset.onetrader.online/upload/file/1665504000000/1665539281431.png

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