Market Analysis of NASDAQ on Wednesday 24 May 2023

2023-05-24 10:13Source:BtcDana

Nasdaq 100 (CME)‎ (M3)‎ Intraday: key resistance at 13800.00.

 

Pivot:

13800.00

 

Our preference:

Short positions below 13800.00 with targets at 13680.00 & 13620.00 in extension.

 

Alternative scenario:

Above 13800.00 look for further upside with 13880.00 & 13960.00 as targets.

 

Comment:

As long as the resistance at 13800.00 is not surpassed, the risk of the break below 13680.00 remains high.

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