The Pivot Points levels for Microsoft for the U.S. session:
PP: 499.28;S1: 494.33; S2: 490.98; S3: 486.03;R1: 502.63; R2: 507.58; R3: 510.93.
The Pivot Points value is currently at 499.28. The market opened below this level, which hints at the presence of pessimistic sentiment. In such a situation, intraday priority is given to searching for entry points into short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 494.33, S2 490.98, and S3 486.03 levels.
The resistance levels are marked with red and are located at R1 502.63, R2 507.58 and R3 510.93.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.
