(17 August 2020)S&P 500 Under pressure.

Pivot
 (invalidation): 3378.00
Our preference
Short positions below 3378.00 with targets at 3350.00 & 3327.00 in extension.
Alternative scenario
Above 3378.00 look for further upside with 3400.00 & 3415.00 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)