SPX500 Short Term: turning down.

SPX500 (US500)
-81.0-1.22%
short positions below 6775.00 with targets at 6400.00 & 6200.00 in extension.
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Pivot: 6775.00

Our preference: short positions below 6775.00 with targets at 6400.00 & 6200.00 in extension.

Alternative scenario: above 6775.00 look for further upside with 7000.00 & 7200.00 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
7200.00
7000.00
6775.00
6506.48 Last
6400.00
6200.00
6060.00

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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