DAX Intraday: further upside

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Further upside.

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Pivot (invalidation): 12600.00

Our preference
Long positions above 12600.00 with targets at 12760.00 & 12840.00 in extension.

Alternative scenario
Below 12600.00 look for further downside with 12510.00 & 12400.00 as targets.

Comment
The RSI is bullish and calls for further advance.

SP500

The upside prevails.

Pivot (invalidation): 2972.00

Our preference
Long positions above 2972.00 with targets at 3005.00 & 3022.00 in extension.

Alternative scenario
Below 2972.00 look for further downside with 2960.00 & 2947.00 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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