SPI 200 (ASX) Intraday: watch 7690.

Pivot: 7860

Our preference: short positions below 7860 with targets at 7690 & 7630 in extension.

Alternative scenario: above 7860 look for further upside with 7910 & 7975 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Supports and resistances:

7975

7910

7860

7781 Last

7690

7630

7570