Nasdaq 100 (CME) (H3) Intraday: bullish bias above 12530.00.
Pivot:
12530.00
Our preference:
Long positions above 12530.00 with targets at 12840.00 & 12950.00 in extension.
Alternative scenario:
Below 12530.00 look for further downside with 12400.00 & 12280.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.