(08 December 2020)S&P 500 Consolidation.

Pivot
 (invalidation): 3710.00
Our preference
Short positions below 3710.00 with targets at 3665.00 & 3645.00 in extension.
Alternative scenario
Above 3710.00 look for further upside with 3740.00 & 3770.00 as targets.
Comment
As Long as 3710.00 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)