S&P 500 may rise to 5148.00 - 5180.00

Intraday: consolidation in place.

Pivot

5093.00

Our preference

Long positions above 5093.00 with targets at 5148.00 & 5180.00 in extension.

Alternative scenario

Below 5093.00 look for further downside with 5057.00 & 5035.00 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

5205.00

5180.00

5148.00

5105.00 Last

5093.00

5057.00

5035.00

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

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