DAX Intraday: Key resistance at 12085.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 12085.00.

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Pivot (invalidation): 12085.00

Our preference
Short positions below 12085.00 with targets at 11950.00 & 11910.00 in extension.

Alternative scenario
Above 12085.00 look for further upside with 12130.00 & 12170.00 as targets.

Comment
As Long as 12085.00 is resistance, look for choppy price action with a bearish bias.

S&P 500

The bias remains bullish.

Pivot (invalidation): 2820.00

Our preference
Long positions above 2820.00 with targets at 2837.00 & 2851.50 in extension.

Alternative scenario
Below 2820.00 look for further downside with 2805.50 & 2791.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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