(18 December 2020)S&P 500 Testing the channel support.

Pivot
 (invalidation): 3690.00
Our preference
Long positions above 3690.00 with targets at 3735.00 & 3760.00 in extension.
Alternative scenario
Below 3690.00 look for further downside with 3660.00 & 3633.00 as targets.
Comment
The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)