Dax intraday: Consolidation in place
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Pivot (invalidation): 13040.00
Our preference
Short positions below 13040.00 with targets at 12955.00 & 12900.00 in extension.
Alternative scenario
Above 13040.00 look for further upside with 13100.00 & 13160.00 as targets.
Comment
As Long as 13040.00 is resistance, look for choppy price action with a bearish bias.
SP 500: Bullish bias above 3363.00
Pivot (invalidation): 3363.00
Our preference
Long positions above 3363.00 with targets at 3400.00 & 3415.00 in extension.
Alternative scenario
Below 3363.00 look for further downside with 3327.00 & 3306.00 as targets.
Comment
The RSI is mixed to bullish.
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