S&P500 (M6) Intra-day Analysis 16 May 2016

Key Resistance @ 2057

Our Pivot: 2057

Our Preference: Short sell below 2048 with strict stop loss of 2057 and target at 2035 and 2029.

Alternate Scenario: Upward penetration of 2057 will call for 2058.

NOTE: Caped by a negative trend line.

Chart with Supports and Resistances;