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.