DAX intarday: Bounce

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Bounce

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Pivot (invalidation): 12090.00

Our preference
Long positions above 12090.00 with targets at 12350.00 & 12450.00 in extension.

Alternative scenario
Below 12090.00 look for further downside with 12020.00 & 11955.00 as targets.

Comment
The RSI calls for a rebound.

SP 500: Continuation of the rebound

Pivot (invalidation): 3000.00

Our preference
Long positions above 3000.00 with targets at 3083.00 & 3115.00 in extension.

Alternative scenario
Below 3000.00 look for further downside with 2965.00 & 2930.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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