(27 MAY 2020)S&P 500 Bullish bias above 2979.00.

Pivot
 (invalidation): 2979.00
Our preference
Long positions above 2979.00 with targets at 3021.00 & 3045.00 in extension.
Alternative scenario
Below 2979.00 look for further downside with 2955.00 & 2920.00 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)