(11 JANUARY 2019)S&P 500:Bullish bias above 2545.00.

Pivot (invalidation): 2545.00

Our preference

Long positions above 2545.00 with targets at 2636.00 & 2685.00 in extension.

Alternative scenario

Below 2545.00 look for further downside with 2520.00 & 2473.00 as targets.

Comment

The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL)