S&P 500 Intraday: Rebound expected
|DAX
Rebound.
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Pivot (invalidation): 11525.00
Our preference
Long positions above 11525.00 with targets at 11700.00 & 11810.00 in extension.
Alternative scenario
Below 11525.00 look for further downside with 11465.00 & 11400.00 as targets.
Comment
The RSI calls for a rebound.
S&P 500
Rebound expected.
Pivot (invalidation): 2731.00
Our preference
Long positions above 2731.00 with targets at 2776.00 & 2810.00 in extension.
Alternative scenario
Below 2731.00 look for further downside with 2710.00 & 2692.00 as targets.
Comment
A support base at 2731.00 has formed and has allowed for a temporary stabilisation.
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