(06 MAY 2019)S&P 500:Consolidation in place.

Pivot (invalidation): 2951.25

Our preference

Short positions below 2951.25 with targets at 2937.00 & 2929.00 in extension.

Alternative scenario

Above 2951.25 look for further upside with 2954.00 & 2959.75 as targets.

Comment

As Long as 2951.25 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)