DAX Intraday: key resistance at 13490.00.
|DAX
Key resistance at 13490.00.
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Pivot (invalidation): 13490.00
Our preference
Short positions below 13490.00 with targets at 13360.00 & 13330.00 in extension.
Alternative scenario
Above 13490.00 look for further upside with 13530.00 & 13570.00 as targets.
Comment
As Long as the resistance at 13490.00 is not surpassed, the risk of the break below 13360.00 remains high.
S&P 500
Look for 3337.00.
Pivot (invalidation): 3299.00
Our preference
Long positions above 3299.00 with targets at 3329.00 & 3337.00 in extension.
Alternative scenario
Below 3299.00 look for further downside with 3277.00 & 3261.00 as targets.
Comment
The immediate trend remains up and the momentum is strong.
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