DAX Intraday: Further upside
|DAX
Further upside.
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Pivot (invalidation): 12070.00
Our preference
Long positions above 12070.00 with targets at 12260.00 & 12320.00 in extension.
Alternative scenario
Below 12070.00 look for further downside with 12030.00 & 11951.00 as targets.
Comment
The RSI is bullish and calls for further advance.
S&P 500
Continuation of the rebound.
Pivot (invalidation): 2910.00
Our preference
Long positions above 2910.00 with targets at 2960.00 & 2987.00 in extension.
Alternative scenario
Below 2910.00 look for further downside with 2892.00 & 2856.00 as targets.
Comment
The RSI is bullish and calls for further advance.
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