S&P 500 may rise to 5380.00 - 5460.00

Pivot

5200.00

Our preference

Long positions above 5200.00 with targets at 5380.00 & 5460.00 in extension.

Alternative scenario

Below 5200.00 look for further downside with 5120.00 & 4950.00 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

5500.00

5460.00

5380.00

5297.00 Last

5200.00

5120.00

4950.00

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