S&P 500 Intraday: under pressure.

  • May 19, 2021

Pivot: 4127.00

Our preference: short positions below 4127.00 with targets at 4056.00 & 4020.00 in extension.

Alternative scenario: above 4127.00 look for further upside with 4165.00 & 4208.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
4208.00
4165.00
4127.00
4100.48 Last
4056.00
4020.00
3974.00