(05 November 2020)S&P 500 Bullish bias above 3405.00.

Pivot
 (invalidation): 3405.00
Our preference
Long positions above 3405.00 with targets at 3485.00 & 3527.00 in extension.
Alternative scenario
Below 3405.00 look for further downside with 3340.00 & 3280.00 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)