S&P 500 may rise to 5590.00 - 5700.00

Pivot

5370.00

Our preference

Long positions above 5370.00 with targets at 5590.00 & 5700.00 in extension.

Alternative scenario

Below 5370.00 look for further downside with 5300.00 & 5190.00 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

5760.00

5700.00

5590.00

5467.84 Last

5370.00

5300.00

5190.00

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