Nasdaq 100 (CME) (H4) Intraday: caution.
Pivot:
17020.00
Our preference:
Short positions below 17020.00 with targets at 16880.00 & 16810.00 in extension.
Alternative scenario:
Above 17020.00 look for further upside with 17090.00 & 17125.00 as targets.
Comment:
The index currently faces a challenging resistance area at 17020.00.