Nasdaq 100 (CME) may fall to 17710.00 - 17800.00
Pivot
18040.00
Our preference
Short positions below 18040.00 with targets at 17800.00 & 17710.00 in extension.
Alternative scenario
Above 18040.00 look for further upside with 18120.00 & 18240.00 as targets.
Comment
As long as 18040.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
18240.00
18120.00
18040.00
17901.00 Last
17800.00
17710.00
17675.00
Number of asterisks represents the strength of support and resistance levels.
18040.00
Our preference
Short positions below 18040.00 with targets at 17800.00 & 17710.00 in extension.
Alternative scenario
Above 18040.00 look for further upside with 18120.00 & 18240.00 as targets.
Comment
As long as 18040.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
18240.00
18120.00
18040.00
17901.00 Last
17800.00
17710.00
17675.00
Number of asterisks represents the strength of support and resistance levels.
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