Nasdaq 100 (CME) (H4) Intraday: the downside prevails.
Pivot:
16785.00
Our preference:
Short positions below 16785.00 with targets at 16600.00 & 16540.00 in extension.
Alternative scenario:
Above 16785.00 look for further upside with 16875.00 & 16940.00 as targets.
Comment:
As long as 16785.00 is resistance, look for choppy price action with a bearish bias.