(27 January 2020)S&P 500 Bullish bias above 3281.00.

Pivot
 (invalidation): 3281.00
Our preference
Long positions above 3281.00 with targets at 3305.00 & 3316.00 in extension.
Alternative scenario
Below 3281.00 look for further downside with 3266.00 & 3253.00 as targets.
Comment
The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL)