(07 MAY 2020)S&P 500 Under pressure.

Pivot
 (invalidation): 2897.00
Our preference
Short positions below 2897.00 with targets at 2797.00 & 2761.00 in extension.
Alternative scenario
Above 2897.00 look for further upside with 2931.00 & 2954.00 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)