(18 OCTOBER 2018)S&P 500:Key resistance at 2817.25.

Pivot (invalidation): 2817.25

Our preference

Short positions below 2817.25 with targets at 2777.00 & 2749.00 in extension.

Alternative scenario

Above 2817.25 look for further upside with 2831.25 & 2863.00 as targets.

Comment

The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)