Nasdaq 100 (CME) (H3) Intraday: caution.
Pivot:
11810.00
Our preference:
Long positions above 11810.00 with targets at 11940.00 & 12010.00 in extension.
Alternative scenario:
Below 11810.00 look for further downside with 11720.00 & 11650.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
