Turning Down
Our Pivot: 11,725
Our Preference: Start short selling Nasdaq-100 below 11,670 with strict stop loss of 11,725 and profit target at 11,600 with extension towards 11,575.
Alternate Scenario: Upward penetration of 11,725 will call for 11,840.
NOTE: Nasdaq-100 is moving inside an ascending wedge and breakout below supportive trend line of said wedge would start a new bearish rally, until breakout below 11,550 choppy trades are recommended.
Chart with supports & resistances:
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