S&P500 Intra-day Analysis 16 April 2020

Further Advance

Our Pivot:2749.64

Our Preference: Buy above 2777.41 with strict stop loss of 2749.64 and target at 2819.06 and 2844.54.

Alternate Scenario: Downward penetration of 2749.64 will call for 2711.72.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.