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.
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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