Nasdaq 100 (CME) may rise to 18350.00 - 18475.00

Daily and weekly charts are also bullish.

Pivot

18125.00

Our preference

Long positions above 18125.00 with targets at 18350.00 & 18475.00 in extension.

Alternative scenario

Below 18125.00 look for further downside with 18050.00 & 17960.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

18610.00

18475.00

18350.00

18200.00 Last

18125.00

18050.00

17960.00

Number of asterisks represents the strength of support and resistance levels.
Chart PatternsTrend AnalysisWave Analysis

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