(08 January 2020)S&P 500 Bullish bias above 3231.00.

Pivot
 (invalidation): 3231.00
Our preference
Long positions above 3231.00 with targets at 3247.00 & 3258.00 in extension.
Alternative scenario
Below 3231.00 look for further downside with 3222.00 & 3212.00 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)