DAX Intraday: Bullish bias above 11930.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Bullish bias above 11930.00.

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Pivot (invalidation): 11930.00

Our preference
Long positions above 11930.00 with targets at 12060.00 & 12112.00 in extension.

Alternative scenario
Below 11930.00 look for further downside with 11885.00 & 11845.00 as targets.

Comment
The RSI advocates for further advance.

S&P 500

Further advance.

Pivot (invalidation): 2896.00

Our preference
Long positions above 2896.00 with targets at 2910.50 & 2920.00 in extension.

Alternative scenario
Below 2896.00 look for further downside with 2888.25 & 2873.50 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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