S&P 500 ST: further advance.

Pivot: 6400.00

Our preference: long positions above 6400.00 with targets at 6740.00 & 6900.00 in extension.

Alternative scenario: below 6400.00 look for further downside with 6300.00 & 6150.00 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

7000.00

6900.00

6740.00

6631.00 Last

6400.00

6300.00

6150.00