Nasdaq 100 (CME) (M4) Intraday: intraday support around 17300.00.
Pivot:
17300.00
Our preference:
Long positions above 17300.00 with targets at 17450.00 & 17530.00 in extension.
Alternative scenario:
Below 17300.00 look for further downside with 17215.00 & 17110.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.