Nasdaq 100 may rise to 19500.00 - 19900.00

Pivot

18400.00

Our preference

Long positions above 18400.00 with targets at 19500.00 & 19900.00 in extension.

Alternative scenario

Below 18400.00 look for further downside with 17830.00 & 16970.00 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

20200.00

19900.00

19500.00

19035.00 Last

18400.00

17830.00

16970.00

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