(05 AUGUST 2019)S&P 500:Under pressure.

(05 AUGUST 2019)S&P 500:Under pressure.

5 August 2019, 09:21
Jiming Huang
0
54

sp

Pivot (invalidation): 2944.00

Our preference

Short positions below 2944.00 with targets at 2915.00 & 2895.00 in extension.

Alternative scenario

Above 2944.00 look for further upside with 2963.00 & 2980.00 as targets.

Comment

As Long as the resistance at 2944.00 is not surpassed, the risk of the break below 2915.00

remains high. 

(By Swissquote TRADING CENTRAL)