(12 JULY 2019)S&P 500:Intraday support around 2984.50.

Pivot (invalidation): 2984.50

Our preference

Long positions above 2984.50 with targets at 3003.00 & 3018.00 in extension.

Alternative scenario

Below 2984.50 look for further downside with 2973.00 & 2963.00 as targets.

Comment

The RSI is mixed with a bullish bias

(By Swissquote TRADING CENTRAL)