Nasdaq 100 (CME) (U5) Intraday: intraday support around 22930.00.

Pivot: 22930.00

Our preference: long positions above 22930.00 with targets at 23100.00 & 23160.00 in extension.

Alternative scenario: below 22930.00 look for further downside with 22830.00 & 22770.00 as targets.

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

Supports and resistances:

23310.00

23160.00

23100.00

23010.00 Last

22930.00

22830.00

22770.00