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NASDAQ 100 Index (CME) (NQ) – Intraday Outlook 8/5/2024

Pivot: 18 000

Preferred scenario: Short positions below 18,000 with a target of 17,300 and then up to 17,000.

Alternative scenario: Above 18,000, a rise to 18,390 and then to 18,640 is likely.

Comment: The RSI indicator is below the 30% level.

Supports and Resistances:

  • 18 640
  • 18 390
  • 18 000
  • 17,576.25 – last value
  • 17 300
  • 17 000
  • 16 830

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