Pivot: 4947
Our preference: short positions below 4947 with targets @ 4823 & 4750 in extension.
Alternative scenario: above 4947 look for further upside with 5040 & 5100 as targets.
Comment: as long as 4947 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5100
5040
4947
4883 Last
4823
4750
4700
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