Market Analysis of NASDAQ on Monday 22 Apr 2024

2024-04-22 10:10Source:BtcDana

Nasdaq 100 (CME)‎ (M4)‎ Intraday: the downside prevails.

 

Pivot:

17390.00

 

Our preference:

Short positions below 17390.00 with targets at 17110.00 & 17000.00 in extension.

 

Alternative scenario:

Above 17390.00 look for further upside with 17530.00 & 17660.00 as targets.

 

Comment:

As long as the resistance at 17390.00 is not surpassed, the risk of the break below 17110.00 remains high.

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