Nasdaq 100 (CME) may rise to 17400.00 - 17540.00
Pivot
17100.00
Our preference
Long positions above 17100.00 with targets at 17400.00 & 17540.00 in extension.
Alternative scenario
Below 17100.00 look for further downside with 17000.00 & 16850.00 as targets.
Comment
A support base at 17100.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances
17720.00
17540.00
17400.00
17255.00 Last
17100.00
17000.00
16850.00
Number of asterisks represents the strength of support and resistance levels.
17100.00
Our preference
Long positions above 17100.00 with targets at 17400.00 & 17540.00 in extension.
Alternative scenario
Below 17100.00 look for further downside with 17000.00 & 16850.00 as targets.
Comment
A support base at 17100.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances
17720.00
17540.00
17400.00
17255.00 Last
17100.00
17000.00
16850.00
Number of asterisks represents the strength of support and resistance levels.