Alpha Capital Wealth South Africa SP500
Updated
SPX500
Intraday: under pressure.
Target
3221.75
Pivot
3258.00
Our preference
Short positions below 3258.00 with targets at 3217.00 & 3180.00 in extension.
Alternative scenario
Above 3258.00 look for further upside with 3288.00 & 3320.00 as targets.
Comment
The RSI shows downside momentum.
Intraday: under pressure.
Target
3221.75
Pivot
3258.00
Our preference
Short positions below 3258.00 with targets at 3217.00 & 3180.00 in extension.
Alternative scenario
Above 3258.00 look for further upside with 3288.00 & 3320.00 as targets.
Comment
The RSI shows downside momentum.
Note
SPX500Intraday: turning down.
Target
3322.00
Pivot
3348.00
Our preference
Short positions below 3348.00 with targets at 3291.00 & 3268.00 in extension.
Alternative scenario
Above 3348.00 look for further upside with 3363.00 & 3387.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Trade closed: target reached
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