Nasdaq 100 (CME) (M3) Intraday: intraday support around 12780.00.
Pivot:
12780.00
Our preference:
Long positions above 12780.00 with targets at 12865.00 & 12910.00 in extension.
Alternative scenario:
Below 12780.00 look for further downside with 12730.00 & 12670.00 as targets.
Comment:
A support base at 12780.00 has formed and has allowed for a temporary stabilisation.