Nasdaq 100 (CME) (Z3) Intraday: rebound.
Pivot:
15920.00
Our preference:
Long positions above 15920.00 with targets at 16020.00 & 16060.00 in extension.
Alternative scenario:
Below 15920.00 look for further downside with 15890.00 & 15840.00 as targets.
Comment:
A support base at 15920.00 has formed and has allowed for a temporary stabilisation.