Nasdaq 100 (CME) (H4) Intraday: under pressure.
Pivot:
16900.00
Our preference:
Short positions below 16900.00 with targets at 16720.00 & 16630.00 in extension.
Alternative scenario:
Above 16900.00 look for further upside with 16960.00 & 17060.00 as targets.
Comment:
Investors have to remain cautious since these levels may trigger profit taking.