S&P 500 (CME) may rise to 5977.00 - 6005.00 "carry trade"

Pivot

5935.00

Our preference

Long positions above 5935.00 with targets at 5977.00 & 6005.00 in extension.

Alternative scenario

Below 5935.00 look for further downside with 5907.00 & 5890.00 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

6038.00

6005.00

5977.00

5951.25 Last

5935.00

5907.00

5890.00

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