S&P 500 may rise to 5460.00 - 5590.00

Pivot

5190.00

Our preference

Long positions above 5190.00 with targets at 5460.00 & 5590.00 in extension.

Alternative scenario

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

Comment

The RSI advocates for further upside.

Supports and resistances

5660.00

5590.00

5460.00

5346.99 Last

5190.00

5120.00

4950.00

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