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 is bullish and calls for further upside.

Supports and resistances

6000.00

5970.00

5830.00

5717.82 Last

5640.00

5540.00

5400.00

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