DAX intraday: Choppy

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Choppy

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Pivot (invalidation): 11195.00

Our preference
Short positions below 11195.00 with targets at 10930.00 & 10729.00 in extension.

Alternative scenario
Above 11195.00 look for further upside with 11340.00 & 11500.00 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

S&P 500: Choppy

Pivot (invalidation): 2980.00

Our preference
Short positions below 2980.00 with targets at 2913.00 & 2865.00 in extension.

Alternative scenario
Above 2980.00 look for further upside with 3003.00 & 3025.00 as targets.

Comment
The RSI advocates for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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