(14 NOVEMBER 2018)S&P 500:Capped by a negative trend line.

Pivot (invalidation): 2755.00

Our preference

Short positions below 2755.00 with targets at 2703.00 & 2671.00 in extension.

Alternative scenario

Above 2755.00 look for further upside with 2780.00 & 2815.00 as targets.

Comment

A break below 2703.00 would trigger a drop towards 2671.00.

(By Swissquote TRADING CENTRAL)