S&P 500 may fall to 5262.00 - 5283.00

Pivot

5324.00

Our preference

Short positions below 5324.00 with targets at 5283.00 & 5262.00 in extension.

Alternative scenario

Above 5324.00 look for further upside with 5346.00 & 5363.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

5363.00

5346.00

5324.00

5306.50 Last

5283.00

5262.00

5249.00

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