DAX Intraday: The downside prevails
|DAX
The downside prevails.
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Pivot (invalidation): 10840.00
Our preference
Short positions below 10840.00 with targets at 10685.00 & 10620.00 in extension.
Alternative scenario
Above 10840.00 look for further upside with 10910.00 & 11000.00 as targets.
Comment
The RSI is mixed and calls for caution.
S&P 500
The downside prevails.
Pivot (invalidation): 2588.50
Our preference
Short positions below 2588.50 with targets at 2502.00 & 2454.00 in extension.
Alternative scenario
Above 2588.50 look for further upside with 2608.00 & 2634.00 as targets.
Comment
The RSI shows downside momentum.
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