Market Analysis of NASDAQ on Wednesday 25 September 2024

2024-09-25 10:08Source:BtcDana

Nasdaq 100 (CME)‎ (Z4)‎ Intraday: bullish bias above 19950.00.

Pivot:

19950.00

Our preference:

Long positions above 19950.00 with targets at 20300.00 & 20400.00 in extension.

Alternative scenario:

Below 19950.00 look for further downside with 19860.00 & 19770.00 as targets.

Comment:

A support base at 19950.00 has formed and has allowed for a temporary stabilisation.

More