S&P 500 may rise to 5590.00 - 5700.00

Pivot

5440.00

Our preference

Long positions above 5440.00 with targets at 5590.00 & 5700.00 in extension.

Alternative scenario

Below 5440.00 look for further downside with 5340.00 & 5190.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

5760.00

5700.00

5590.00

5561.98 Last

5440.00

5340.00

5190.00

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