(18 August 2020)S&P 500 Bullish bias above 3378.00.

Pivot
 (invalidation): 3378.00
Our preference
Long positions above 3378.00 with targets at 3400.00 & 3415.00 in extension.
Alternative scenario
Below 3378.00 look for further downside with 3362.00 & 3350.00 as targets.
Comment
The RSI is above its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)