Market Analysis of NASDAQ on Friday 4 August 2023

2023-08-04 10:37Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: key resistance at 15590.00.

 

Pivot:

15590.00

 

Our preference:

Short positions below 15590.00 with targets at 15340.00 & 15255.00 in extension.

 

Alternative scenario:

Above 15590.00 look for further upside with 15720.00 & 15810.00 as targets.

 

Comment:

As long as the resistance at 15590.00 is not surpassed, the risk of the break below 15340.00 remains high.

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