(16 April 2020)S&P 500 Key resistance at 2849.00.

(16 April 2020)S&P 500 Key resistance at 2849.00.

16 April 2020, 08:59
Jiming Huang
0
74

  sp
Pivot
 (invalidation): 2849.00
Our preference
Short positions below 2849.00 with targets at 2720.00 & 2643.00 in extension.
Alternative scenario
Above 2849.00 look for further upside with 2930.00 & 3002.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)

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