Nasdaq 100 (CME) (Z4) Intraday: bullish bias above 19950.00.
Pivot:
19950.00
Our preference:
Long positions above 19950.00 with targets at 20300.00 & 20400.00 in extension.
Alternative scenario:
Below 19950.00 look for further downside with 19860.00 & 19770.00 as targets.
Comment:
A support base at 19950.00 has formed and has allowed for a temporary stabilisation.