(18 JANUARY 2019)S&P 500:Supported by a rising trend line.

Pivot (invalidation): 2596.00

Our preference

Long positions above 2596.00 with targets at 2657.00 & 2685.00 in extension.

Alternative scenario

Below 2596.00 look for further downside with 2578.00 & 2545.00 as targets.

Comment

The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)