Market Analysis of NASDAQ on Monday 31 October 2022

2022-10-31 09:50Source:BtcDana

Nasdaq 100 (CME)‎ (Z2)‎ Intraday: intraday support around 11415.00.

 

Pivot:

11415.00

 

Our preference:

Long positions above 11415.00 with targets at 11700.00 & 11790.00 in extension.

 

Alternative scenario:

Below 11415.00 look for further downside with 11215.00 & 11070.00 as targets.

 

Comment:

The RSI shows upside momentum.

https://asset.onetrader.online/upload/file/1667145600000/1667181022676.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