(20 MARCH 2019)S&P 500:Break of a ST rising trendline support.

Pivot (invalidation): 2843.75

Our preference

Short positions below 2843.75 with targets at 2818.25 & 2805.50 in extension.

Alternative scenario

Above 2843.75 look for further upside with 2852.00 & 2863.25 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)