S&P500 - 14 September 2020
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Published on 2020-09-14
A questionable bearish bias is applicable below 3380. Technical score: 0
A bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum regained some strength – supporting a bearish trend direction. Only a confirmed price action above 3380 will reverse the bearish trend direction. Downside target: 3310. See the pivots for additional targets. Upside targets for a break above 3380 will be 3420/80.
•	S&P future is up 1.3% this morning.
•	Asian shares firmed on Monday on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.
•	Friday marked six months since the World Health Organization (WHO) declared the coronavirus a pandemic on March 11.
•	Since then, major global economies have slipped into recession and millions have lost their jobs, prompting central banks around the world to launch unprecedented stimulus.