S&P 500 may fall to 4950.00 - 5120.00

Pivot

5390.00

Our preference

Short positions below 5390.00 with targets at 5120.00 & 4950.00 in extension.

Alternative scenario

Above 5390.00 look for further upside with 5570.00 & 5670.00 as targets.

Comment

The RSI is mixed.

Supports and resistances

5670.00

5570.00

5390.00

5340.00 Last

5120.00

4950.00

4790.00

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