S&P 500 may rise to 5590.00 - 5975.00

Pivot

5120.00

Our preference

Long positions above 5120.00 with targets at 5590.00 & 5975.00 in extension.

Alternative scenario

Below 5120.00 look for further downside with 4960.00 & 4790.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

6000.00

5975.00

5590.00

5431.00 Last

5120.00

4960.00

4790.00

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