SP 500 Intraday: under pressure
|DAX
Further advance.
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Pivot (invalidation): 11665.00
Our preference
Long positions above 11665.00 with targets at 11780.00 & 11820.00 in extension.
Alternative scenario
Below 11665.00 look for further downside with 11610.00 & 11555.00 as targets.
Comment
The break above 11665.00 is a positive signal that has opened a path to 11780.00.
SP 500
Under pressure.
Pivot (invalidation): 2900.00
Our preference
Short positions below 2900.00 with targets at 2826.00 & 2800.00 in extension.
Alternative scenario
Above 2900.00 look for further upside with 2918.00 & 2942.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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