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Nasdaq 100 (CME) (U4) Intraday: key resistance at 19720.00.
Pivot:
19720.00
Our preference:
Short positions below 19720.00 with targets at 19450.00 & 19350.00 in extension.
Alternative scenario:
Above 19720.00 look for further upside with 19845.00 & 19900.00 as targets.
Comment:
As long as 19720.00 is resistance, look for choppy price action with a bearish bias.
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