Pivot Points levels for S&P 500 in the Asian session:
PP: 6701.01;S1: 6618.84; S2: 6558.01; S3: 6475.84;R1: 6761.84; R2: 6844.01; R3: 6904.84.
The Pivot Points value is currently at 6701.01. 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 6618.84, S2 6558.01, and S3 6475.84 levels.
The resistance levels are marked with red and are located at R1 6761.84, R2 6844.01 and R3 6904.84.
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.
