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Nasdaq 100 (CME) (H4) Intraday: key resistance at 16900.00.
Pivot:
16900.00
Our preference:
Short positions below 16900.00 with targets at 16810.00 & 16710.00 in extension.
Alternative scenario:
Above 16900.00 look for further upside with 16980.00 & 17040.00 as targets.
Comment:
The index currently faces a challenging resistance area at 16900.00.
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