Nasdaq 100 (CME) (H4) Intraday: intraday support around 16890.00.
Pivot:
16890.00
Our preference:
Long positions above 16890.00 with targets at 17040.00 & 17090.00 in extension.
Alternative scenario:
Below 16890.00 look for further downside with 16810.00 & 16750.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.