Nasdaq 100 (CME) (U5) Intraday: bullish bias above 23485.00.

Pivot: 23485.00

Our preference: long positions above 23485.00 with targets at 23804.00 & 23910.00 in extension.

Alternative scenario: below 23485.00 look for further downside with 23370.00 & 23270.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

24000.00

23910.00

23804.00

23668.00 Last

23485.00

23370.00

23270.00