DAX Intraday: Continuation of the rebound

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Continuation of the rebound.

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Pivot (invalidation): 11530.00

Our preference
Long positions above 11530.00 with targets at 11840.00 & 11930.00 in extension.

Alternative scenario
Below 11530.00 look for further downside with 11440.00 & 11350.00 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500

Bullish bias above 2890.00.

Pivot (invalidation): 2890.00

Our preference
Long positions above 2890.00 with targets at 2942.00 & 2980.00 in extension.

Alternative scenario
Below 2890.00 look for further downside with 2864.00 & 2825.25 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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