DAX Intraday: bullish bias above 12310.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Bullish bias above 12310.00.

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Pivot (invalidation): 12310.00

Our preference
Long positions above 12310.00 with targets at 12470.00 & 12540.00 in extension.

Alternative scenario
Below 12310.00 look for further downside with 12210.00 & 12125.00 as targets.

Comment
The RSI is mixed.

SP 500

The upside prevails.

Pivot (invalidation): 2990.00

Our preference
Long positions above 2990.00 with targets at 3029.00 & 3045.00 in extension.

Alternative scenario
Below 2990.00 look for further downside with 2974.00 & 2956.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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