Nasdaq 100 (CME) (H4) Intraday: intraday support around 16490.00.
Pivot:
16490.00
Our preference:
Long positions above 16490.00 with targets at 16670.00 & 16740.00 in extension.
Alternative scenario:
Below 16490.00 look for further downside with 16430.00 & 16360.00 as targets.
Comment:
The RSI shows upside momentum.