Market Analysis of NASDAQ on Thursday 21 December 2023

2023-12-21 10:26Source:BtcDana

Nasdaq 100 (CME)‎ (H4)‎ Intraday: under pressure.

 

Pivot:

16900.00

 

Our preference:

Short positions below 16900.00 with targets at 16720.00 & 16630.00 in extension.

 

Alternative scenario:

Above 16900.00 look for further upside with 16960.00 & 17060.00 as targets.

 

Comment:

Investors have to remain cautious since these levels may trigger profit taking.

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