S&P 500 (CME) (H4) ST: key resistance at 4838.00.
Pivot: 4838.00
Our preference: short positions below 4838.00 with targets at 4700.00 & 4620.00 in extension.
Alternative scenario: above 4838.00 look for further upside with 4900.00 & 5020.00 as targets.
Comment: the RSI advocates for further decline.
Supports and resistances:
5020.00 ***
4900.00 ***
4838.00 **
4808.00 Last
4700.00 ***
4620.00 **
4545.00 ***
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