SPX500 Middle Term: key resistance at 5500.00.

SPX500 (US500)
+35.3+0.64%
short positions below 5500.00 with targets at 5100.00 & 4835.00 in extension.
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Pivot: 5500.00

Our preference: short positions below 5500.00 with targets at 5100.00 & 4835.00 in extension.

Alternative scenario: above 5500.00 look for further upside with 5780.00 & 6150.00 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
6150.00
5780.00
5500.00
5465.39 Last
5100.00
4835.00
4600.00

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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