Nasdaq 100 (CME) (U4) Intraday: key resistance at 20005.00.
Pivot:
20005.00
Our preference:
Short positions below 20005.00 with targets at 19655.00 & 19530.00 in extension.
Alternative scenario:
Above 20005.00 look for further upside with 20160.00 & 20360.00 as targets.
Comment:
As long as 20005.00 is resistance, look for choppy price action with a bearish bias.