SPX500
Intraday: expect 3353.00.
Target
3380.00
Pivot
3396.25
Our preference
Short positions below 3396.25 with targets at 3365.00 & 3353.00 in extension.
Alternative scenario
Above 3396.25 look for further upside with 3419.25 & 3436.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Intraday: expect 3353.00.
Target
3380.00
Pivot
3396.25
Our preference
Short positions below 3396.25 with targets at 3365.00 & 3353.00 in extension.
Alternative scenario
Above 3396.25 look for further upside with 3419.25 & 3436.00 as targets.
Comment
The RSI is bearish and calls for further decline.
Trade closed: target reached
Trade active:
SPX500
Intraday: choppy.
Target
3338.00
Pivot
3365.00
Our preference
Short positions below 3365.00 with targets at 3326.00 & 3310.00 in extension.
Alternative scenario
Above 3365.00 look for further upside with 3385.00 & 3395.00 as targets.
Comment
The RSI calls for a new downleg.
Intraday: choppy.
Target
3338.00
Pivot
3365.00
Our preference
Short positions below 3365.00 with targets at 3326.00 & 3310.00 in extension.
Alternative scenario
Above 3365.00 look for further upside with 3385.00 & 3395.00 as targets.
Comment
The RSI calls for a new downleg.
