S&P 500 may rise to 5346.00 - 5363.00

Pivot

5298.00

Our preference

Long positions above 5298.00 with targets at 5346.00 & 5363.00 in extension.

Alternative scenario

Below 5298.00 look for further downside with 5283.00 & 5262.00 as targets.

Comment

The RSI is supported by a rising trend line.

Supports and resistances

5384.00

5363.00

5346.00

5321.90 Last

5298.00

5283.00

5262.00

Number of asterisks represents the strength of support and resistance levels.