S&P 500 Intraday: Under pressure
|DAX
Bullish bias above 10890.00.
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Pivot (invalidation): 10890.00
Our preference
Long positions above 10890.00 with targets at 10990.00 & 11060.00 in extension.
Alternative scenario
Below 10890.00 look for further downside with 10770.00 & 10680.00 as targets.
Comment
A support base at 10890.00 has formed and has allowed for a temporary stabilisation.
S&P 500
Under pressure.
Pivot (invalidation): 2685.00
Our preference
Short positions below 2685.00 with targets at 2623.00 & 2582.00 in extension.
Alternative scenario
Above 2685.00 look for further upside with 2708.00 & 2735.00 as targets.
Comment
The RSI is mixed to bearish.
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