Nasdaq 100 may fall to 16230.00 - 17000.00

Pivot

18660.00

Our preference

Short positions below 18660.00 with targets at 17000.00 & 16230.00 in extension.

Alternative scenario

Above 18660.00 look for further upside with 19500.00 & 20150.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

20150.00

19500.00

18660.00

17823.00 Last

17000.00

16230.00

15660.00

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