S&P 500 may rise to 5460.00 - 5590.00

Pivot

5315.00

Our preference

Long positions above 5315.00 with targets at 5460.00 & 5590.00 in extension.

Alternative scenario

Below 5315.00 look for further downside with 5190.00 & 5120.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

5660.00

5590.00

5460.00

5421.03 Last

5315.00

5190.00

5120.00

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