(08 MAY 2020)S&P 500 Bullish bias above 2846.00.

(08 MAY 2020)S&P 500 Bullish bias above 2846.00.

8 May 2020, 08:59
Jiming Huang
0
76

sp
Pivot
 (invalidation): 2846.00
Our preference
Long positions above 2846.00 with targets at 2901.00 & 2931.00 in extension.
Alternative scenario
Below 2846.00 look for further downside with 2824.00 & 2797.00 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)

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