Market Analysis of NASDAQ on Monday 5 June 2023

2023-06-05 11:27Source:BtcDana

Nasdaq 100 (CME)‎ (M3)‎ Intraday: bullish bias above 14485.00.

 

Pivot:

14485.00

 

Our preference:

Long positions above 14485.00 with targets at 14630.00 & 14700.00 in extension.

 

Alternative scenario:

Below 14485.00 look for further downside with 14440.00 & 14370.00 as targets.

 

Comment:

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

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