S&P 500 may fall to 4600.00 - 4950.00

Pivot

5440.00

Our preference

Short positions below 5440.00 with targets at 4950.00 & 4600.00 in extension.

Alternative scenario

Above 5440.00 look for further upside with 5660.00 & 5975.00 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

5975.00

5660.00

5440.00

5172.00 Last

4950.00

4600.00

4280.00

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