Nasdaq 100 (CME) (H3) Intraday: intraday support around 12270.00.
Pivot:
12270.00
Our preference:
Long positions above 12270.00 with targets at 12450.00 & 12520.00 in extension.
Alternative scenario:
Below 12270.00 look for further downside with 12140.00 & 12000.00 as targets.
Comment:
A support base at 12270.00 has formed and has allowed for a temporary stabilisation.