S&P 500 (CME) (H5) Intraday: turning up.

Pivot: 5510.00

Our preference: long positions above 5510.00 with targets at 5610.00 & 5650.00 in extension.

Alternative scenario: below 5510.00 look for further downside with 5485.00 & 5435.00 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:

5705.00

5650.00

5610.00

5571.00 Last

5510.00

5485.00

5435.00