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Nasdaq 100 futures under the cosh

Following on from the previous update, noting the downside right now in the Dow Jones futures, it its actually the Nasdaq 100 futures that are right now falling harder in percentage terms. The index is still seemingly reeling from the outside day reversal that was reported to you after it was set in place on Friday. The index did not close lower last night though. That said, it only limped home to a 37 point rise on the day, closing at 17,971. The Nasdaq future is right now pricing the opening at close to 17,850. It might bounce again ahead of the opening this afternoon, but right now it seems some month-end profit-taking is impacting the price action ahead of that important PCE data release tomorrow. The Nasdaq 100 is currently priced to reopen at around 17,860 
 

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