Nasdaq 100 (CME) (Z2) Intraday: intraday support around 11380.00.
Pivot:
11380.00
Our preference:
Long positions above 11380.00 with targets at 11610.00 & 11730.00 in extension.
Alternative scenario:
Below 11380.00 look for further downside with 11215.00 & 11090.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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