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 is bullish and calls for further upside.

Supports and resistances

5660.00

5590.00

5460.00

5431.60 Last

5315.00

5190.00

5120.00

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