Market Analysis of NASDAQ on Thursday 3 August 2023

2023-08-03 10:35Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: under pressure.

 

Pivot:

15590.00

 

Our preference:

Short positions below 15590.00 with targets at 15350.00 & 15220.00 in extension.

 

Alternative scenario:

Above 15590.00 look for further upside with 15720.00 & 15790.00 as targets.

 

Comment:

As long as 15590.00 is resistance, look for choppy price action with a bearish bias.

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