(16 January 2020)S&P 500 Bullish bias above 3277.00.

Pivot
 (invalidation): 3277.00
Our preference
Long positions above 3277.00 with targets at 3299.00 & 3306.00 in extension.
Alternative scenario
Below 3277.00 look for further downside with 3268.00 & 3261.00 as targets.
Comment
A support base at 3277.00 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)