(16 JUNE 2020)S&P 500 Bullish bias above 3017.00.

Pivot
 (invalidation): 3017.00
Our preference
Long positions above 3017.00 with targets at 3124.00 & 3180.00 in extension.
Alternative scenario
Below 3017.00 look for further downside with 2965.00 & 2934.00 as targets.
Comment
The RSI advocates for further upside.

(By Swissquote TRADING CENTRAL)