SGX FTSE China A50 (Nov5) intraday: the downside prevails as long as 15347.50 is resistance

Our pivot point is at 15347.50.

Our preference: the downside prevails as long as 15347.50 is resistance.

Alternative scenario: above 15347.50, look for 15500 and 15590.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. SGX FTSE China A50 (Nov5) stands below its 20 and 50 period moving average (respectively at 15253.55 and 15278.62).

Supports and resistances:

15590.00 **

15500.00 *

15347.50 **

15287.50

15225.00 last

15045.00

14955.00 **