S&P 500 (CME) (M5) Intraday: key resistance at 5550.00.

Pivot: 5550.00

Our preference: short positions below 5550.00 with targets at 5420.00 & 5360.00 in extension.

Alternative scenario: above 5550.00 look for further upside with 5595.00 & 5620.00 as targets.

Comment: the upward potential is likely to be limited by the resistance at 5550.00.

Supports and resistances:

5620.00

5595.00

5550.00

5523.00 Last

5420.00

5360.00

5300.00