S&P 500 (CME) (M4) Intraday: key resistance at 5085.00.
Pivot: 5085.00
Our preference: short positions below 5085.00 with targets at 5056.00 & 5035.00 in extension.
Alternative scenario: above 5085.00 look for further upside with 5102.00 & 5120.00 as targets.
Comment: the index currently faces a challenging resistance area at 5085.00.
Supports and resistances:
5120.00
5102.00
5085.00
5075.00 Last
5056.00
5035.00
5018.00
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