S&P 500 may fall to 5120.00 - 5335.00

Pivot

5560.00

Our preference

Short positions below 5560.00 with targets at 5335.00 & 5120.00 in extension.

Alternative scenario

Above 5560.00 look for further upside with 5670.00 & 5830.00 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

5830.00

5670.00

5560.00

5410.00 Last

5335.00

5120.00

4965.00

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