S&P 500 (CME) (H4) Intraday: key resistance at 5098.00.
Pivot: 5098.00
Our preference: short positions below 5098.00 with targets at 5060.00 & 5042.00 in extension.
Alternative scenario: above 5098.00 look for further upside with 5116.00 & 5134.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5098.00.
Supports and resistances:
5134.00
5116.00
5098.00
5089.00 Last
5060.00
5042.00
5028.00
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