our bullish case for spx500
Trade active:
SPX500
Intraday: turning up.
Target
3384.75
Pivot
3354.00
Our preference
Long positions above 3354.00 with targets at 3396.00 & 3413.00 in extension.
Alternative scenario
Below 3354.00 look for further downside with 3336.00 & 3298.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Intraday: turning up.
Target
3384.75
Pivot
3354.00
Our preference
Long positions above 3354.00 with targets at 3396.00 & 3413.00 in extension.
Alternative scenario
Below 3354.00 look for further downside with 3336.00 & 3298.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Trade active:
SPX500
Intraday: further advance.
Target
3403.00
Pivot
3377.00
Our preference
Long positions above 3377.00 with targets at 3413.00 & 3436.00 in extension.
Alternative scenario
Below 3377.00 look for further downside with 3354.00 & 3336.00 as targets.
Comment
The RSI is mixed to bullish.
Intraday: further advance.
Target
3403.00
Pivot
3377.00
Our preference
Long positions above 3377.00 with targets at 3413.00 & 3436.00 in extension.
Alternative scenario
Below 3377.00 look for further downside with 3354.00 & 3336.00 as targets.
Comment
The RSI is mixed to bullish.
