(29 OCTOBER 2018)S&P 500:The downside prevails.

Pivot (invalidation): 2692.00

Our preference

Short positions below 2692.00 with targets at 2615.00 & 2590.00 in extension.

Alternative scenario

Above 2692.00 look for further upside with 2723.00 & 2755.00 as targets.

Comment

As Long as 2692.00 is resistance, expect a return to 2615.00.

(By Swissquote TRADING CENTRAL)