Dax intraday: Bullish bias above 13220.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Bullish bias above 13220.00

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Pivot (invalidation): 13220.00

Our preference
Long positions above 13220.00 with targets at 13347.00 & 13380.00 in extension.

Alternative scenario
Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

S&P 500: Under pressure

Pivot (invalidation): 3645.00

Our preference
Short positions below 3645.00 with targets at 3617.00 & 3592.00 in extension.

Alternative scenario
Above 3645.00 look for further upside with 3660.00 & 3690.00 as targets.

Comment
The RSI advocates for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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