(07 SEPTEMBER 2018)S&P 500:Under pressure.

Pivot (invalidation): 2892.00

Our preference

Short positions below 2892.00 with targets at 2867.00 & 2854.00 in extension.

Alternative scenario

Above 2892.00 look for further upside with 2904.00 & 2917.00 as targets.

Comment

As Long as the resistance at 2892.00 is not surpassed, the risk of the break below 2867.00

remains high. 

(By Swissquote TRADING CENTRAL)