Dax intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Further advance

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Pivot (invalidation): 13220.00

Our preference
Long positions above 13220.00 with targets at 13380.00 & 13460.00 in extension.

Alternative scenario
Below 13220.00 look for further downside with 13160.00 & 13100.00 as targets.

Comment
The RSI advocates for further upside.

S&P 500: Further upside

Pivot (invalidation): 3592.00

Our preference
Long positions above 3592.00 with targets at 3660.00 & 3690.00 in extension.

Alternative scenario
Below 3592.00 look for further downside with 3543.00 & 3518.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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