(12 MAY 2020)S&P 500 Consolidation in place.

Pivot
 (invalidation): 2952.00
Our preference
Short positions below 2952.00 with targets at 2901.00 & 2876.00 in extension.
Alternative scenario
Above 2952.00 look for further upside with 2977.00 & 2995.00 as targets.
Comment
As Long as 2952.00 is resistance, expect a return to 2901.00.

(By Swissquote TRADING CENTRAL)