(10 JULY 2020)S&P 500 Bullish bias above 3115.00.

<p>Pivot</p>
<p>&nbsp;(invalidation): 3115.00 Our preference</p>
<p>Long positions above 3115.00 with targets at 3184.00 &amp; 3225.00 in extension.</p>
<p>Alternative scenario</p>
<p>Below 3115.00 look for further downside with 3101.00 &amp; 3085.00 as targets.</p>