S&P 500 (CME) (M5) Intraday: key resistance at 6040.00.

Pivot: 6040.00

Our preference: short positions below 6040.00 with targets at 6000.00 & 5985.00 in extension.

Alternative scenario: above 6040.00 look for further upside with 6060.00 & 6075.00 as targets.

Comment: the upward potential is likely to be limited by the resistance at 6040.00.

Supports and resistances:

6075.00

6060.00

6040.00

6028.25 Last

6000.00

5985.00

5975.00