S&P 500 (CME) (M5) Intraday: key resistance at 5720.00.

Pivot: 5720.00

Our preference: short positions below 5720.00 with targets at 5630.00 & 5600.00 in extension.

Alternative scenario: above 5720.00 look for further upside with 5750.00 & 5780.00 as targets.

Comment: the index currently faces a challenging resistance area at 5720.00.

Supports and resistances:

5780.00

5750.00

5720.00

5686.00 Last

5630.00

5600.00

5572.00