S&P 500 may fall to 5115.00 - 5265.00

Pivot

5440.00

Our preference

Short positions below 5440.00 with targets at 5265.00 & 5115.00 in extension.

Alternative scenario

Above 5440.00 look for further upside with 5570.00 & 5670.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

5670.00

5570.00

5440.00

5346.00 Last

5265.00

5115.00

4955.00

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