Nasdaq 100 (CME) (Z2) Intraday: key resistance at 12020.00.
Pivot:
12020.00
Our preference:
Short positions below 12020.00 with targets at 11830.00 & 11780.00 in extension.
Alternative scenario:
Above 12020.00 look for further upside with 12090.00 & 12150.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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