Nasdaq 100 (CME) (M4) Intraday: the downside prevails.
Pivot:
17390.00
Our preference:
Short positions below 17390.00 with targets at 17110.00 & 17000.00 in extension.
Alternative scenario:
Above 17390.00 look for further upside with 17530.00 & 17660.00 as targets.
Comment:
As long as the resistance at 17390.00 is not surpassed, the risk of the break below 17110.00 remains high.