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S&P 500 (CME) (M4) Intraday: bullish bias above 5242.00.
2024-04-09
899
Pivot: 5242.00
Our preference: long positions above 5242.00 with targets at 5269.00 & 5281.00 in extension.
Alternative scenario: below 5242.00 look for further downside with 5223.00 & 5205.00 as targets.
Comment: a support base at 5242.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
5308.00
5281.00
5269.00
5253.25 Last
5242.00
5223.00
5205.00
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