S&P 500 (CME) (U4) Intraday: bullish bias above 5660.00.
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Pivot: 5660.00
Our preference: long positions above 5660.00 with targets at 5703.00 & 5720.00 in extension.
Alternative scenario: below 5660.00 look for further downside with 5645.00 & 5630.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5740.00
5720.00
5703.00
5688.25 Last
5660.00
5645.00
5630.00
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