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.