S&P 500 may fall to 5235.00 - 5250.00

Pivot

5288.00

Our preference

Short positions below 5288.00 with targets at 5250.00 & 5235.00 in extension.

Alternative scenario

Above 5288.00 look for further upside with 5324.00 & 5342.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

5342.00

5324.00

5288.00

5268.30 Last

5250.00

5235.00

5214.00

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