Nasdaq 100 (CME) (M5) Intraday: bullish bias above 21670.00.

Pivot: 21670.00

Our preference: long positions above 21670.00 with targets at 21860.00 & 21930.00 in extension.

Alternative scenario: below 21670.00 look for further downside with 21600.00 & 21530.00 as targets.

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

Supports and resistances:

22000.00

21930.00

21860.00

21737.00 Last

21670.00

21600.00

21530.00