DAX intraday: Key resistance at 12840.00
|DAX: Key resistance at 12840.00
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Pivot (invalidation): 12840.00
Our preference
Short positions below 12840.00 with targets at 12630.00 & 12530.00 in extension.
Alternative scenario
Above 12840.00 look for further upside with 13000.00 & 13090.00 as targets.
Comment
A break below 12630.00 would trigger a drop towards 12530.00.
SP 500: The downside prevails
Pivot (invalidation): 3181.00
Our preference
Short positions below 3181.00 with targets at 3115.00 & 3085.00 in extension.
Alternative scenario
Above 3181.00 look for further upside with 3205.00 & 3234.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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