Alphabet may fall to 158.80 - 161.70

Pivot

165.00

Our preference

Short positions below 165.00 with targets at 161.70 & 158.80 in extension.

Alternative scenario

Above 165.00 look for further upside with 168.00 & 170.35 as targets.

Comment

The index currently faces a challenging resistance area at 165.00.

Supports and resistances

170.35

168.00

165.00

164.21 Last

161.70

158.80

155.00

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