SP 500 intraday: Choppy
|DAX: The downside prevails
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Pivot (invalidation): 12525.00
Our preference
Short positions below 12525.00 with targets at 12260.00 & 12100.00 in extension.
Alternative scenario
Above 12525.00 look for further upside with 12745.00 & 12860.00 as targets.
Comment
The break below 12525.00 is a negative signal that has opened a path to 12260.00.
SP 500: Choppy
Pivot (invalidation): 3227.00
Our preference
Long positions above 3227.00 with targets at 3279.00 & 3303.00 in extension.
Alternative scenario
Below 3227.00 look for further downside with 3205.00 & 3180.00 as targets.
Comment
The RSI is mixed to bullish.
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