Nasdaq 100 (CME) (Z2) Intraday: the downside prevails.
Pivot:
12140.00
Our preference:
Short positions below 12140.00 with targets at 11800.00 & 11600.00 in extension.
Alternative scenario:
Above 12140.00 look for further upside with 12260.00 & 12362.00 as targets.
Comment:
The immediate trend remains down and the momentum is strong.
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