S&P 500 may rise to 5830.00 - 5970.00

Pivot

5640.00

Our preference

Long positions above 5640.00 with targets at 5830.00 & 5970.00 in extension.

Alternative scenario

Below 5640.00 look for further downside with 5540.00 & 5400.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

6000.00

5970.00

5830.00

5744.00 Last

5640.00

5540.00

5400.00

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