Dax intraday: Consolidation in place

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Consolidation in place

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Pivot (invalidation): 13920.00

Our preference
Short positions below 13920.00 with targets at 13710.00 & 13580.00 in extension.

Alternative scenario
Above 13920.00 look for further upside with 14000.00 & 14110.00 as targets.

Comment
The RSI advocates for further decline.

S&P 500: Key resistance at 3743.00

Pivot (invalidation): 3743.00

Our preference
Short positions below 3743.00 with targets at 3722.00 & 3704.00 in extension.

Alternative scenario
Above 3743.00 look for further upside with 3756.00 & 3769.00 as targets.

Comment
The RSI is mixed to bearish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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