Nasdaq 100 (CME) (H4) Intraday: under pressure.
Pivot:
16650.00
Our preference:
Short positions below 16650.00 with targets at 16450.00 & 16320.00 in extension.
Alternative scenario:
Above 16650.00 look for further upside with 16740.00 & 16875.00 as targets.
Comment:
The RSI is bearish and calls for further downside.