(21 August 2020)S&P 500 Bullish bias above 3374.50.

Pivot
 (invalidation): 3374.50
Our preference
Long positions above 3374.50 with targets at 3399.00 & 3413.00 in extension.
Alternative scenario
Below 3374.50 look for further downside with 3363.25 & 3355.00 as targets.
Comment
The RSI is above its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)