DAX Intraday: Target 11390.00
|DAX
Target 11390.00.
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Pivot (invalidation): 11720.00
Our preference
Short positions below 11720.00 with targets at 11460.00 & 11390.00 in extension.
Alternative scenario
Above 11720.00 look for further upside with 11790.00 & 11850.00 as targets.
Comment
The RSI shows downside momentum.
S&P 500
Under pressure.
Pivot (invalidation): 2785.00
Our preference
Short positions below 2785.00 with targets at 2749.00 & 2709.75 in extension.
Alternative scenario
Above 2785.00 look for further upside with 2818.00 & 2846.75 as targets.
Comment
The RSI is bearish and calls for further decline.
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