Pivot
(invalidation):
11945.00
Our preference
Short positions below 11945.00 with targets at 11870.00 & 11840.00 in extension.
Alternative scenario
Above
11945.00 look for further upside with 11990.00 & 12040.00 as targets.
Comment
As Long as 11945.00 is resistance, look for choppy price action with a bearish bias.
