Market Analysis of NASDAQ on Friday 1 September 2023

2023-09-01 10:09Source:BtcDana

Nasdaq 100 (CME)‎ (U3)‎ Intraday: bullish bias above 15450.00.

 

Pivot:

15450.00

 

Our preference:

Long positions above 15450.00 with targets at 15670.00 & 15790.00 in extension.

 

Alternative scenario:

Below 15450.00 look for further downside with 15360.00 & 15240.00 as targets.

 

Comment:

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

 

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