S&P 500 (CME) (M5) Intraday: turning down.

Pivot: 5440.00

Our preference: short positions below 5440.00 with targets at 5325.00 & 5260.00 in extension.

Alternative scenario: above 5440.00 look for further upside with 5500.00 & 5540.00 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

5540.00

5500.00

5440.00

5365.50 Last

5325.00

5260.00

5200.00