S&P 500 (CME) (H1) Intraday: the downside prevails

S&P 500 (CME) (H1) Intraday: the downside prevails.

SP500

Trading Central 2021-02-22 16:15:06

Pivot: 3899.00

Our preference: short positions below 3899.00 with targets at 3868.00 & 3840.00 in extension.

Alternative scenario: above 3899.00 look for further upside with 3914.00 & 3927.00 as targets.

Comment: a break below 3868.00 would trigger a drop towards 3840.00.

Supports and resistances:

3927.00

3914.00

3899.00

3872.00 Last

3868.00

3840.00

3820.00

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.