Market Analysis of NASDAQ on Thursday 16 May 2024

2024-05-16 10:09Source:BtcDana

Nasdaq 100 (CME)‎ (M4)‎ Intraday: intraday support around 18610.00.

 

Pivot:

18610.00

 

Our preference:

Long positions above 18610.00 with targets at 18800.00 & 18900.00 in extension.

 

Alternative scenario:

Below 18610.00 look for further downside with 18520.00 & 18430.00 as targets.

 

Comment:

The next resistances are at 18800.00 and then at 18900.00.

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