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Nasdaq 100 (CME) (M3) Intraday: intraday support around 13135.00.
Pivot:
13135.00
Our preference:
Long positions above 13135.00 with targets at 13430.00 & 13600.00 in extension.
Alternative scenario:
Below 13135.00 look for further downside with 12990.00 & 12830.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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