S&P 500 Intraday: under pressure.
Pivot: 5227.00
Our preference: short positions below 5227.00 with targets at 5185.00 & 5165.00 in extension.
Alternative scenario: above 5227.00 look for further upside with 5247.00 & 5265.00 as targets.
Comment: the index currently faces a challenging resistance area at 5227.00.
Supports and resistances:
5265.00
5247.00
5227.00
5213.00 Last
5185.00
5165.00
5145.00
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