(13 JULY 2020)S&P 500 Watch 3225.00.

Pivot

 (invalidation): 3155.00 Our preference

Long positions above 3155.00 with targets at 3205.00 & 3225.00 in extension.

Alternative scenario

Below 3155.00 look for further downside with 3136.00 & 3115.00 as targets.