DAX intraday: Consolidation

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Consolidation

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Pivot (invalidation): 12350.00

Our preference
Short positions below 12350.00 with targets at 12090.00 & 12020.00 in extension.

Alternative scenario
Above 12350.00 look for further upside with 12450.00 & 12520.00 as targets.

Comment
The RSI is mixed.

SP 500: Further upside

Pivot (invalidation): 3068.00

Our preference
Long positions above 3068.00 with targets at 3126.00 & 3156.00 in extension.

Alternative scenario
Below 3068.00 look for further downside with 3032.00 & 3000.00 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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