DAX Intraday: key resistance at 12449.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 12449.00.

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Pivot (invalidation): 12449.00

Our preference
Short positions below 12449.00 with targets at 12300.00 & 12210.00 in extension.

Alternative scenario
Above 12449.00 look for further upside with 12510.00 & 12580.00 as targets.

Comment
As Long as the resistance at 12449.00 is not surpassed, the risk of the break below 12300.00 remains high.

SP 500

Bullish bias above 2991.00.

Pivot (invalidation): 2991.00

Our preference
Long positions above 2991.00 with targets at 3020.00 & 3029.00 in extension.

Alternative scenario
Below 2991.00 look for further downside with 2978.50 & 2957.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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