(03 December 2020)S&P 500 The upside prevails.

<p>Pivot</p>
<p>&nbsp;(invalidation): 3645.00 Our preference</p>
<p>Long positions above 3645.00 with targets at 3678.00 &amp; 3700.00 in extension.</p>
<p>Alternative scenario</p>
<p>Below 3645.00 look for further downside with 3625.00 &amp; 3595.00 as targets.</p>