DAX Intraday: The downside prevails
|DAX
The downside prevails.
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Pivot (invalidation): 11700.00
Our preference
Short positions below 11700.00 with targets at 11390.00 & 11210.00 in extension.
Alternative scenario
Above 11700.00 look for further upside with 11900.00 & 12000.00 as targets.
Comment
The immediate trend remains down and the momentum is strong.
S&P 500
The downside prevails.
Pivot (invalidation): 2785.00
Our preference
Short positions below 2785.00 with targets at 2710.00 & 2665.00 in extension.
Alternative scenario
Above 2785.00 look for further upside with 2810.00 & 2831.25 as targets.
Comment
A break below 2710.00 would trigger a drop towards 2665.00.
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