Nasdaq 100 (CME) (U2) Intraday: key resistance at 13120.00.
Pivot:
13120.00
Our preference:
Short positions below 13120.00 with targets at 12890.00 & 12810.00 in extension.
Alternative scenario:
Above 13120.00 look for further upside with 13265.00 & 13380.00 as targets.
Comment:
As long as 13120.00 is resistance, look for choppy price action with a bearish bias.
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