(07 MAY 2019)S&P 500:Consolidation in place.

(07 MAY 2019)S&P 500:Consolidation in place.

7 May 2019, 10:29
Jiming Huang
0
51

sp

Pivot (invalidation): 2947.50

Our preference

Short positions below 2947.50 with targets at 2923.25 & 2914.75 in extension.

Alternative scenario

Above 2947.50 look for further upside with 2954.00 & 2960.00 as targets.

Comment

As Long as the resistance at 2947.50 is not surpassed, the risk of the break below 2923.25

remains high. 

(By Swissquote TRADING CENTRAL)

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