Market Analysis of NASDAQ on Monday 15 January 2024

2024-01-15 10:12Source:BtcDana

Nasdaq 100 (CME)‎ (H4)‎ Intraday: intraday support around 16890.00.

 

Pivot:

16890.00

 

Our preference:

Long positions above 16890.00 with targets at 17040.00 & 17090.00 in extension.

 

Alternative scenario:

Below 16890.00 look for further downside with 16810.00 & 16750.00 as targets.

 

Comment:

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

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