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Nasdaq 100 (CME) (H3) Intraday: key resistance at 12230.00.
Pivot:
12230.00
Our preference:
Short positions below 12230.00 with targets at 12040.00 & 11940.00 in extension.
Alternative scenario:
Above 12230.00 look for further upside with 12320.00 & 12410.00 as targets.
Comment:
As long as 12230.00 is resistance, look for choppy price action with a bearish bias.
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