S&P 500 may rise to 5340.00 - 5460.00

Pivot

5190.00

Our preference

Long positions above 5190.00 with targets at 5340.00 & 5460.00 in extension.

Alternative scenario

Below 5190.00 look for further downside with 5120.00 & 4950.00 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

5500.00

5460.00

5340.00

5277.64 Last

5190.00

5120.00

4950.00

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