S&P 500 ST: the upside prevails.
Pivot: 4840.00
Our preference: long positions above 4840.00 with targets at 5010.00 & 5100.00 in extension.
Alternative scenario: below 4840.00 look for further downside with 4790.00 & 4680.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
5250.00
5100.00
5010.00
4951.00 Last
4840.00
4790.00
4680.00
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