Market Analysis of NASDAQ on Wednesday 5 July 2023

2023-07-05 10:09Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: aim @ 15460.00.

 

Pivot:

15200.00

 

Our preference:

Long positions above 15200.00 with targets at 15460.00 & 15600.00 in extension.

 

Alternative scenario:

Below 15200.00 look for further downside with 15020.00 & 14850.00 as targets.

 

Comment:

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

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