SPI 200 (ASX) Intraday: under pressure.

Pivot: 8602

Our preference: short positions below 8602 with targets at 8560 & 8527 in extension.

Alternative scenario: above 8602 look for further upside with 8625 & 8660 as targets.

Comment: as long as 8602 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

8660

8625

8602

8580 Last

8560

8527

8500