Nasdaq 100 may rise to 21200.00 - 22670.00

Pivot

18400.00

Our preference

Long positions above 18400.00 with targets at 21200.00 & 22670.00 in extension.

Alternative scenario

Below 18400.00 look for further downside with 16980.00 & 15800.00 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

23000.00 **

22670.00 **

21200.00 **

19993.00 Last

18400.00 ***

16980.00 **

15800.00 **

Number of asterisks represents the strength of support and resistance levels.