S&P 500 (CME) (Z5) Intraday: caution.

Pivot: 6735

Our preference: long positions above 6735 with targets at 6800 & 6830 in extension.

Alternative scenario: below 6735 look for further downside with 6685 & 6655 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:

6851

6830

6800

6756 Last

6735

6685

6655