S&P 500 may rise to 5670.00 - 5830.00

Pivot

5400.00

Our preference

Long positions above 5400.00 with targets at 5670.00 & 5830.00 in extension.

Alternative scenario

Below 5400.00 look for further downside with 5290.00 & 5120.00 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

5900.00

5830.00

5670.00

5622.20 Last

5400.00

5290.00

5120.00

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