S&P 500 may rise to 5830.00 - 5970.00

Pivot

5560.00

Our preference

Long positions above 5560.00 with targets at 5830.00 & 5970.00 in extension.

Alternative scenario

Below 5560.00 look for further downside with 5400.00 & 5120.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

6000.00

5970.00

5830.00

5683.00 Last

5560.00

5400.00

5120.00

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