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S&P500: Intraday technical analysis

S&P retested the 1591/93 all time high but has so far been unable to break higher. As long as we hold below 1594, targets are 1584/83 then 1579/77 is good support today. Below here however look for 1571/70. Here we should bottom out at this stage but longs need a stop below 1566. We need stops on shorts from all time highs at 1593/94 on a break out above 1597 for 1606/07 then 1615/16 upside targets.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
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