(19 DECEMBER 2018)S&P 500:Capped by a negative trend line.

Pivot (invalidation): 2575.00

Our preference

Short positions below 2575.00 with targets at 2528.00 & 2502.00 in extension.

Alternative scenario

Above 2575.00 look for further upside with 2588.50 & 2608.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)