S&P 500 may rise to 5665.00 - 5691.00

Pivot

5612.00

Our preference

Long positions above 5612.00 with targets at 5665.00 & 5691.00 in extension.

Alternative scenario

Below 5612.00 look for further downside with 5585.00 & 5565.00 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

5750.00

5691.00

5665.00

5649.00 Last

5612.00

5585.00

5565.00

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