Pivot Points levels for S&P 500 in the Asian session:
PP: 6614.84;S1: 6456.10; S2: 6374.80; S3: 6216.06;R1: 6696.14; R2: 6854.88; R3: 6936.18.
The current level of Pivot Points has formed in the area 6614.84. With the market opening below this level, a downward movement becomes more likely. Therefore, intraday priority is given to searching for opportunities to open short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 6456.10, S2 6374.80, and S3 6216.06 levels.
The resistance levels are marked with red and are located at R1 6696.14, R2 6854.88 and R3 6936.18.
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.
