Nasdaq 100 (CME) (H3) Intraday: intraday support around 12100.00.
Pivot:
12100.00
Our preference:
Long positions above 12100.00 with targets at 12260.00 & 12330.00 in extension.
Alternative scenario:
Below 12100.00 look for further downside with 12030.00 & 11970.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.