S&P 500 may rise to 5670.00 - 5810.00

Pivot

5500.00

Our preference

Long positions above 5500.00 with targets at 5670.00 & 5810.00 in extension.

Alternative scenario

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

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

5900.00

5810.00

5670.00

5515.89 Last

5500.00

5400.00

5265.00

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