S&P 500 (CME) (Z5) Intraday: further upside.

Pivot: 6800.00

Our preference: long positions above 6800.00 with targets at 6870.00 & 6908.00 in extension.

Alternative scenario: below 6800.00 look for further downside with 6775.00 & 6750.00 as targets.

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

Supports and resistances:

6930.00

6908.00

6870.00

6845.00 Last

6800.00

6775.00

6750.00