(02 January 2020)S&P 500 Look for 3248.00.

Pivot
 (invalidation): 3216.25
Our preference
Long positions above 3216.25 with targets at 3240.00 & 3248.00 in extension.
Alternative scenario
Below 3216.25 look for further downside with 3212.00 & 3205.50 as targets.
Comment
The RSI shows upside momentum.

(By Swissquote TRADING CENTRAL)