(16 OCTOBER 2018)S&P 500:Rebound expected.

(16 OCTOBER 2018)S&P 500:Rebound expected.

16 October 2018, 10:08
Jiming Huang
0
15

sp

Pivot (invalidation): 2731.00

Our preference

Long positions above 2731.00 with targets at 2776.00 & 2810.00 in extension.

Alternative scenario

Below 2731.00 look for further downside with 2710.00 & 2692.00 as targets.

Comment

A support base at 2731.00 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)

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