S&P 500 (CME) (M4) Intraday: key resistance at 5305.00.
Pivot: 5305.00
Our preference: short positions below 5305.00 with targets at 5280.00 & 5270.00 in extension.
Alternative scenario: above 5305.00 look for further upside with 5320.00 & 5330.00 as targets.
Comment: as long as the resistance at 5305.00 is not surpassed, the risk of the break below 5280.00 remains high.
Supports and resistances:
5330.00
5320.00
5305.00
5291.00 Last
5280.00
5270.00
5260.00
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