Nasdaq 100 (CME) (U4) Intraday: consolidation in place.
Pivot:
20020.00
Our preference:
Short positions below 20020.00 with targets at 19840.00 & 19730.00 in extension.
Alternative scenario:
Above 20020.00 look for further upside with 20070.00 & 20130.00 as targets.
Comment:
As long as 20020.00 is resistance, expect a return to 19840.00.