S&P 500 may rise to 5670.00 - 5830.00

Pivot

5500.00

Our preference

Long positions above 5500.00 with targets at 5670.00 & 5830.00 in extension.

Alternative scenario

Below 5500.00 look for further downside with 5335.00 & 5120.00 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

5920.00

5830.00

5670.00

5600.78 Last

5500.00

5335.00

5120.00

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