Nasdaq 100 choppy in early trading

The Nasdaq 100 did open slightly higher this afternoon and just as with the Dow Jones, the index lifted immediately after the opening, at 19,521. The high seen was set at 19,537. That high was some way below the earlier high seen in the futures and it has backed away from that high now. The tech sector seems to be suffering a degree of outward rotation, as the Dow outperforms just now. So, the Nasdaq 100 fell back towards 19,475 a short while ago but it is on the rebound just now. In terms of technical levels to note here, the index peaked at 20,690 back on July 10. The subsequent low seen on August 5 was set at 17,444 and the rebound since has already reached a 61.8% correction, at 19,450 last week. The next topside level is at 19,924 and that is still some way distant from the current price. Perhaps we shall see if the index holds that 19,450 level as the day unfolds. The index is just now trading at 19,527