Pivot Points levels for S&P 500 in the Asian session:
PP: 6800.56;S1: 6742.36; S2: 6703.09; S3: 6644.89;R1: 6839.83; R2: 6898.03; R3: 6937.30.
The chart generated the value Pivot Points in the area 6800.56. Since the market opened below this level, it indicates a prevailing pessimistic mood. In this case, intraday the trader should tend to look for entry points into short positions.
Trading recommendations:
Intraday the support levels are at S1 6742.36, S2 6703.09 and S3 6644.89.
The market entry signals can be considered intraday on the R1, R2, R3 resistance levels.
The market can be entered both from the PP level and when a price rolls back to the R1, the R2, the R3. The profit is fixed when the price reaches the S1, S2, S3 levels.
