Index

S&P 500 may rise to 5380.00 - 5460.00

2024-05-18

Pivot

5200.00

Our preference

Long positions above 5200.00 with targets at 5380.00 & 5460.00 in extension.

Alternative scenario

Below 5200.00 look for further downside with 5120.00 & 4950.00 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

5500.00

5460.00

5380.00

5298.00 Last

5200.00

5120.00

4950.00

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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