(09 November 2020)S&P 500 Bullish bias above 3485.00.

Pivot
 (invalidation): 3485.00
Our preference
Long positions above 3485.00 with targets at 3550.00 & 3587.00 in extension.
Alternative scenario
Below 3485.00 look for further downside with 3440.00 & 3405.00 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)