DAX Intraday: Key resistance at 11372.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 11372.00.

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Pivot (invalidation): 11372.00

Our preference
Short positions below 11372.00 with targets at 11213.00 & 11150.00 in extension.

Alternative scenario
Above 11372.00 look for further upside with 11429.00 & 11490.00 as targets.

Comment
The index currently faces a challenging resistance area at 11372.00.

S&P 500

Supported by a rising trend line.

Pivot (invalidation): 2753.50

Our preference
Long positions above 2753.50 with targets at 2795.00 & 2804.50 in extension.

Alternative scenario
Below 2753.50 look for further downside with 2737.00 & 2723.00 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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