S&P 500 may rise to 5700.00 - 5810.00

Pivot

5500.00

Our preference

Long positions above 5500.00 with targets at 5700.00 & 5810.00 in extension.

Alternative scenario

Below 5500.00 look for further downside with 5400.00 & 5265.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

5900.00

5810.00

5700.00

5650.00 Last

5500.00

5400.00

5265.00

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