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Nasdaq 100 (CME) (M3) Intraday: key resistance at 12920.00.
Pivot:
12920.00
Our preference:
Short positions below 12920.00 with targets at 12785.00 & 12730.00 in extension.
Alternative scenario:
Above 12920.00 look for further upside with 12990.00 & 13060.00 as targets.
Comment:
As long as 12920.00 is resistance, look for choppy price action with a bearish bias.
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