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Analysis

Nasdaq 100 may fall to 17920.00 - 18040.00

BY Trading Central

|May 14, 2024

Intraday: consolidation in place.

 Intraday: consolidation in place.

Pivot

18290.00

Our preference

Short positions below 18290.00 with targets at 18040.00 & 17920.00 in extension.

Alternative scenario

Above 18290.00 look for further upside with 18360.00 & 18460.00 as targets.

Comment

The RSI is posting a bearish divergence (not confirmed yet).

Supports and resistances

18460.00

18360.00

18290.00

18200.00 Last

18040.00

17920.00

17780.00

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

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