Nasdaq 100 (CME) (H4) Intraday: choppy.
Pivot:
16580.00
Our preference:
Short positions below 16580.00 with targets at 16335.00 & 16220.00 in extension.
Alternative scenario:
Above 16580.00 look for further upside with 16740.00 & 16875.00 as targets.
Comment:
As long as 16580.00 is resistance, look for choppy price action with a bearish bias.