Market Analysis of NASDAQ on Wednesday 26 July 2023

2023-07-26 09:10Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: the bias remains bullish.

 

Pivot:

15580.00

 

Our preference:

Long positions above 15580.00 with targets at 15740.00 & 15830.00 in extension.

 

Alternative scenario:

Below 15580.00 look for further downside with 15490.00 & 15340.00 as targets.

 

Comment:

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

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