S&P 500 may rise to 5990.00 - 6125.00

Pivot

5670.00

Our preference

Long positions above 5670.00 with targets at 5990.00 & 6125.00 in extension.

Alternative scenario

Below 5670.00 look for further downside with 5540.00 & 5400.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

6200.00

6125.00

5990.00

5868.00 Last

5670.00

5540.00

5400.00

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