Nasdaq 100 (CME) (U3) Intraday: the bias remains bullish.
Pivot:
15580.00
Our preference:
Long positions above 15580.00 with targets at 15740.00 & 15830.00 in extension.
Alternative scenario:
Below 15580.00 look for further downside with 15490.00 & 15340.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.