DAX Intraday: The upside prevails
|DAX
The upside prevails.
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Pivot (invalidation): 12170.00
Our preference
Long positions above 12170.00 with targets at 12290.00 & 12339.00 in extension.
Alternative scenario
Below 12170.00 look for further downside with 12110.00 & 12063.00 as targets.
Comment
The RSI is bullish and calls for further advance.
S&P 500
Bullish bias above 2920.00.
Pivot (invalidation): 2920.00
Our preference
Long positions above 2920.00 with targets at 2942.00 & 2953.00 in extension.
Alternative scenario
Below 2920.00 look for further downside with 2910.00 & 2895.00 as targets.
Comment
The RSI is mixed and calls for caution.
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