Nasdaq 100 (CME) (Z2) Intraday: the downside prevails.
Pivot:
10990.00
Our preference:
Short positions below 10990.00 with targets at 10640.00 & 10490.00 in extension.
Alternative scenario:
Above 10990.00 look for further upside with 11180.00 & 11270.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.