DAX Intraday: key resistance at 13490.00.

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 13490.00.

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Pivot (invalidation): 13490.00

Our preference
Short positions below 13490.00 with targets at 13360.00 & 13330.00 in extension.

Alternative scenario
Above 13490.00 look for further upside with 13530.00 & 13570.00 as targets.

Comment
As Long as the resistance at 13490.00 is not surpassed, the risk of the break below 13360.00 remains high.

S&P 500

Look for 3337.00.

Pivot (invalidation): 3299.00

Our preference
Long positions above 3299.00 with targets at 3329.00 & 3337.00 in extension.

Alternative scenario
Below 3299.00 look for further downside with 3277.00 & 3261.00 as targets.

Comment
The immediate trend remains up and the momentum is strong.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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