SP 500 Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 11560.00

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Pivot (invalidation): 11560.00

Our preference
Short positions below 11560.00 with targets at 11250.00 & 11100.00 in extension.

Alternative scenario
Above 11560.00 look for further upside with 11730.00 & 11840.00 as targets.

Comment
The RSI is bearish and calls for further downside.

SP 500

Under pressure

Pivot (invalidation): 2874.00

Our preference
Short positions below 2874.00 with targets at 2822.00 & 2797.00 in extension.

Alternative scenario
Above 2874.00 look for further upside with 2894.00 & 2917.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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