Elliott Wave Intraday Analysis: DAX and S&P500
|NFP figures came out better than expected which is positive for stocks, so DAX turned up nicely from around 10400 area. We see an impulsive reaction now back above 10500, but we still need a daily close above 10600 to confirm end of a corrective set-back. Ideally, uptrend on DAX will resume next week, same thing goes for E-mini S&P500 if we see break above 2203 bullish level.
German DAX, 1h
S&P500, 1h
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.