(23 OCTOBER 2018)S&P 500:Capped by a negative trend line.

(23 OCTOBER 2018)S&P 500:Capped by a negative trend line.

23 October 2018, 09:39
Jiming Huang
0
15

sp

Pivot (invalidation): 2780.00

Our preference

Short positions below 2780.00 with targets at 2749.00 & 2728.00 in extension.

Alternative scenario

Above 2780.00 look for further upside with 2798.00 & 2818.00 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL) 

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