S&P 500 (CME) (H4) Intraday: key resistance at 4829.00.
Pivot: 4829.00
Our preference: short positions below 4829.00 with targets at 4807.00 & 4797.00 in extension.
Alternative scenario: above 4829.00 look for further upside with 4841.00 & 4851.00 as targets.
Comment: the index currently faces a challenging resistance area at 4829.00.
Supports and resistances:
4851.00
4841.00
4829.00
4822.00 Last
4807.00
4797.00
4785.00
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