(28 August 2020)S&P 500 Bullish bias above 3465.00.

Pivot
 (invalidation): 3465.00
Our preference
Long positions above 3465.00 with targets at 3501.00 & 3525.00 in extension.
Alternative scenario
Below 3465.00 look for further downside with 3436.00 & 3413.00 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)