(18 JUNE 2019)S&P 500:Intraday support around 2871.50.

Pivot (invalidation): 2871.50

Our preference

Long positions above 2871.50 with targets at 2910.00 & 2935.00 in extension.

Alternative scenario

Below 2871.50 look for further downside with 2851.50 & 2823.00 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)