S&P 500 may fall to 4950.00 - 5060.00

Pivot

5300.00

Our preference

Short positions below 5300.00 with targets at 5060.00 & 4950.00 in extension.

Alternative scenario

Above 5300.00 look for further upside with 5440.00 & 5570.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

5570.00

5440.00

5300.00

5172.00 Last

5060.00

4950.00

4790.00

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