SPI 200 (ASX) Intraday: choppy.

Pivot: 8602

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

Alternative scenario: above 8602 look for further upside with 8618 & 8640 as targets.

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

Supports and resistances:

8640

8618

8602

8582 Last

8560

8527

8495