Market Analysis of NASDAQ on Thursday 16 November 2023

2023-11-16 10:40Source:BtcDana

Nasdaq 100 (CME)‎ (Z3)‎ Intraday: bullish bias above 15820.00.

 

Pivot:

15820.00

 

Our preference:

Long positions above 15820.00 with targets at 16000.00 & 16150.00 in extension.

 

Alternative scenario:

Below 15820.00 look for further downside with 15700.00 & 15610.00 as targets.

 

Comment:

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

Analyst Views Chart

More