SP 500 Intraday: support around 2890.00
|DAX
Intraday support around 11650.00
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Pivot (invalidation): 11650.00
Our preference
Long positions above 11650.00 with targets at 11870.00 & 11990.00 in extension.
Alternative scenario
Below 11650.00 look for further downside with 11570.00 & 11500.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
SP 500
Intraday support around 2890.00
Pivot (invalidation): 2890.00
Our preference
Long positions above 2890.00 with targets at 2944.00 & 2973.00 in extension.
Alternative scenario
Below 2890.00 look for further downside with 2870.00 & 2840.00 as targets.
Comment
The RSI is mixed and calls for caution.
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