Market Analysis of NASDAQ on Friday 03 February 2023

2023-02-03 10:17Source:BtcDana

Nasdaq 100 (CME)‎ (H3)‎ Intraday: bullish bias above 12530.00.

 

Pivot:

12530.00

 

Our preference:

Long positions above 12530.00 with targets at 12840.00 & 12950.00 in extension.

 

Alternative scenario:

Below 12530.00 look for further downside with 12400.00 & 12280.00 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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