Nasdaq 100 (CME) (H3) Intraday: limited upside.
Pivot:
12155.00
Our preference:
Long positions above 12155.00 with targets at 12340.00 & 12450.00 in extension.
Alternative scenario:
Below 12155.00 look for further downside with 12020.00 & 11910.00 as targets.
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
