S&P 500 (CME) (H4) Intraday: key resistance at 4770.00.
Pivot: 4770.00
Our preference: short positions below 4770.00 with targets at 4740.00 & 4723.00 in extension.
Alternative scenario: above 4770.00 look for further upside with 4792.00 & 4812.00 as targets.
Comment: as long as the resistance at 4770.00 is not surpassed, the risk of the break below 4740.00 remains high.
Supports and resistances:
4812.00
4792.00
4770.00
4751.50 Last
4740.00
4723.00
4707.00
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