SPI 200 (ASX) Intraday: choppy.

Pivot: 8758

Our preference: short positions below 8758 with targets at 8700 & 8680 in extension.

Alternative scenario: above 8758 look for further upside with 8780 & 8820 as targets.

Comment: as long as 8758 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

8820

8780

8758

8731 Last

8700

8680

8655