Analysis

DAX Intraday: Further upside

DAX

Further upside.


 

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Pivot (invalidation): 11480.00

Our preference
Long positions above 11480.00 with targets at 11630.00 & 11780.00 in extension.

Alternative scenario
Below 11480.00 look for further downside with 11370.00 & 11288.00 as targets.

Comment
The RSI advocates for further advance.

 

S&P 500

Further advance.

Pivot (invalidation): 2774.00

Our preference
Long positions above 2774.00 with targets at 2830.00 & 2875.00 in extension.

Alternative scenario
Below 2774.00 look for further downside with 2739.00 & 2700.00 as targets.

Comment
The RSI is bullish and calls for further upside.

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