DAX intraday: Rebound expected
|DAX: Rebound expected
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Pivot (invalidation): 12415.00
Our preference
Long positions above 12415.00 with targets at 12730.00 & 12850.00 in extension.
Alternative scenario
Below 12415.00 look for further downside with 12300.00 & 12210.00 as targets.
Comment
The next resistances are at 12730.00 and then at 12850.00.
S&P 500: Continuation of the rebound
Pivot (invalidation): 3270.00
Our preference
Long positions above 3270.00 with targets at 3328.00 & 3375.00 in extension.
Alternative scenario
Below 3270.00 look for further downside with 3228.00 & 3175.00 as targets.
Comment
The RSI is bullish and calls for further upside.
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