S&P 500 Intraday: The downside prevails
|DAX
Technical rebound in a bearish trend.
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Pivot (invalidation): 10905.00
Our preference
Long positions above 10905.00 with targets at 11057.00 & 11150.00 in extension.
Alternative scenario
Below 10905.00 look for further downside with 10850.00 & 10770.00 as targets.
Comment
The RSI is around its neutrality area at 50%
S&P 500
The downside prevails.
Pivot (invalidation): 2719.00
Our preference
Short positions below 2719.00 with targets at 2695.00 & 2682.00 in extension.
Alternative scenario
Above 2719.00 look for further upside with 2731.00 & 2740.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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