Nasdaq 100 (CME) (M4) Intraday: intraday support around 18800.00.
Pivot:
18800.00
Our preference:
Long positions above 18800.00 with targets at 18930.00 & 19020.00 in extension.
Alternative scenario:
Below 18800.00 look for further downside with 18690.00 & 18620.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.