S&P 500 Intraday: Bullish bias above 2871.50
|DAX
Intraday support around 12070.00.
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Pivot (invalidation): 12070.00
Our preference
Long positions above 12070.00 with targets at 12230.00 & 12320.00 in extension.
Alternative scenario
Below 12070.00 look for further downside with 11950.00 & 11900.00 as targets.
Comment
The RSI is mixed.
S&P 500
Bullish bias above 2871.50.
Pivot (invalidation): 2871.50
Our preference
Long positions above 2871.50 with targets at 2910.00 & 2935.00 in extension.
Alternative scenario
Below 2871.50 look for further downside with 2851.50 & 2823.00 as targets.
Comment
The RSI is mixed to bullish.
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