SPI 200 (ASX) Intraday: the downside prevails.

Pivot: 8928

Our preference: short positions below 8928 with targets at 8897 & 8887 in extension.

Alternative scenario: above 8928 look for further upside with 8948 & 8960 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:

8960

8948

8928

8911 Last

8897

8887

8875