Nasdaq 100 (CME) (H4) Intraday: under pressure.
Pivot:
17070.00
Our preference:
Short positions below 17070.00 with targets at 16940.00 & 16900.00 in extension.
Alternative scenario:
Above 17070.00 look for further upside with 17130.00 & 17165.00 as targets.
Comment:
As long as 17070.00 is resistance, look for choppy price action with a bearish bias.