SP500 Intraday: bullish bias above 2890.00
|DAX
Key resistance at 11880.00.
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Pivot (invalidation): 11880.00
Our preference
Short positions below 11880.00 with targets at 11655.00 & 11560.00 in extension.
Alternative scenario
Above 11880.00 look for further upside with 11980.00 & 12060.00 as targets.
Comment
The index currently faces a challenging resistance area at 11880.00.
SP500
Bullish bias above 2890.00.
Pivot (invalidation): 2890.00
Our preference
Long positions above 2890.00 with targets at 2942.00 & 2980.00 in extension.
Alternative scenario
Below 2890.00 look for further downside with 2864.00 & 2825.00 as targets.
Comment
The RSI is bullish and calls for further upside.
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