Nasdaq 100 (CME) (M4) Intraday: rebound in sight.
Pivot:
18120.00
Our preference:
Long positions above 18120.00 with targets at 18340.00 & 18420.00 in extension.
Alternative scenario:
Below 18120.00 look for further downside with 18050.00 & 18000.00 as targets.
Comment:
The RSI shows upside momentum.