(28 JANUARY 2019)S&P 500:Bullish bias above 2642.75.

Pivot (invalidation): 2642.75

Our preference

Long positions above 2642.75 with targets at 2676.00 & 2695.00 in extension.

Alternative scenario

Below 2642.75 look for further downside with 2626.50 & 2613.00 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)