Nasdaq 100 (CME) (H4) Intraday: key resistance at 16650.00.
Pivot:
16650.00
Our preference:
Short positions below 16650.00 with targets at 16320.00 & 16220.00 in extension.
Alternative scenario:
Above 16650.00 look for further upside with 16740.00 & 16875.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.