DAX Intraday: expect 13548.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Expect 13548.00.

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Pivot (invalidation): 13360.00

Our preference
Long positions above 13360.00 with targets at 13487.00 & 13548.00 in extension.

Alternative scenario
Below 13360.00 look for further downside with 13320.00 & 13230.00 as targets.

Comment
The RSI is mixed to bullish.

SP500

Bullish bias above 3277.00.

Pivot (invalidation): 3277.00

Our preference
Long positions above 3277.00 with targets at 3299.00 & 3306.00 in extension.

Alternative scenario
Below 3277.00 look for further downside with 3268.00 & 3261.00 as targets.

Comment
A support base at 3277.00 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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