S&P 500 (CME) (M4) Intraday: the downside prevails.
Pivot: 5315.00
Our preference: short positions below 5315.00 with targets at 5283.00 & 5271.00 in extension.
Alternative scenario: above 5315.00 look for further upside with 5333.00 & 5340.00 as targets.
Comment: as long as 5315.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5340.00
5333.00
5315.00
5292.00 Last
5283.00
5271.00
5263.00
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