(19 JULY 2019)S&P 500:Continuation of the rebound.

Pivot (invalidation): 2979.50

Our preference

Long positions above 2979.50 with targets at 3008.00 & 3015.00 in extension.

Alternative scenario

Below 2979.50 look for further downside with 2973.00 & 2958.00 as targets.

Comment

The RSI advocates for further upside.

(By Swissquote TRADING CENTRAL)