S&P 500 (CME) (H4) Intraday: limited upside.
Pivot: 4777.00
Our preference: long positions above 4777.00 with targets at 4812.00 & 4827.00 in extension.
Alternative scenario: below 4777.00 look for further downside with 4758.00 & 4736.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
4840.00
4827.00
4812.00
4797.00 Last
4777.00
4758.00
4736.00
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