DAX intraday: Key resistance at 12840.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Key resistance at 12840.00

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Pivot (invalidation): 12840.00

Our preference
Short positions below 12840.00 with targets at 12630.00 & 12530.00 in extension.

Alternative scenario
Above 12840.00 look for further upside with 13000.00 & 13090.00 as targets.

Comment
A break below 12630.00 would trigger a drop towards 12530.00.

SP 500: The downside prevails

Pivot (invalidation): 3181.00

Our preference
Short positions below 3181.00 with targets at 3115.00 & 3085.00 in extension.

Alternative scenario
Above 3181.00 look for further upside with 3205.00 & 3234.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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