(03 JANUARY 2019)S&P 500:Consolidation in place.

(03 JANUARY 2019)S&P 500:Consolidation in place.

3 January 2019, 09:23
Jiming Huang
0
25

sp

Pivot (invalidation): 2532.00

Our preference

Short positions below 2532.00 with targets at 2470.00 & 2445.00 in extension.

Alternative scenario

Above 2532.00 look for further upside with 2583.00 & 2635.00 as targets.

Comment

As Long as 2532.00 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL) 

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