Pivot Points levels for S&P 500 in the Asian session:
PP: 7435.26;S1: 7357.70; S2: 7297.56; S3: 7220.00;R1: 7495.40; R2: 7572.96; R3: 7633.10.
The Pivot Points level is 7435.26. The chart shows the market opening below this level, which indicates the predominance of negative sentiment. Therefore, it is advisable to look for opportunities to open short positions throughout the day.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 7357.70, S2 7297.56, and S3 7220.00 levels.
The resistance levels are marked with red and are located at R1 7495.40, R2 7572.96 and R3 7633.10.
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.
