Nasdaq 100 (CME) (Z3) Intraday: bullish bias above 15820.00.
Pivot:
15820.00
Our preference:
Long positions above 15820.00 with targets at 16000.00 & 16150.00 in extension.
Alternative scenario:
Below 15820.00 look for further downside with 15700.00 & 15610.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.