S&P 500 (CME) (Z5) Intraday: the upside prevails.

Pivot: 6824.00

Our preference: long positions above 6824.00 with targets at 6900.00 & 6959.00 in extension.

Alternative scenario: below 6824.00 look for further downside with 6790.00 & 6764.00 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:

7000.00

6959.00

6900.00

6881.75 Last

6824.00

6790.00

6764.00