DAX Intraday: bullish bias above 13165.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Bullish bias above 13165.00.

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Pivot (invalidation): 13165.00

Our preference
Long positions above 13165.00 with targets at 13238.00 & 13280.00 in extension.

Alternative
scenario Below 13165.00 look for further downside with 13138.00 & 13105.00 as targets.

Comment
The RSI calls for a bounce.

SP 500

The upside prevails.

Pivot (invalidation): 3112.00

Our preference
Long positions above 3112.00 with targets at 3129.00 & 3139.00 in extension.

Alternative scenario
Below 3112.00 look for further downside with 3104.00 & 3096.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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