Market Analysis of NASDAQ on Wednesday 19 October 2022

2022-10-19 09:50Source:BtcDana

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

 

Pivot:

11180.00

 

Our preference:

Short positions below 11180.00 with targets at 10900.00 & 10790.00 in extension.

 

Alternative scenario:

Above 11180.00 look for further upside with 11360.00 & 11470.00 as targets.

 

Comment:

The RSI is bearish and calls for further downside.

https://asset.onetrader.online/upload/file/1666108800000/1666144247742.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