Market Analysis of NASDAQ on Thursday 7 Mar 2024

2024-03-07 09:57Source:BtcDana

Nasdaq 100 (CME)‎ (H4)‎ Intraday: intraday support around 17970.00.

 

Pivot:

17970.00

 

Our preference:

Long positions above 17970.00 with targets at 18150.00 & 18240.00 in extension.

 

Alternative scenario:

Below 17970.00 look for further downside with 17840.00 & 17705.00 as targets.

 

Comment:

The RSI is below its neutrality area at 50% but reversing up.

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