DAX intraday: Key resistance at 9870.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 9870.00.

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Pivot (invalidation): 9870.00

Our preference
Short positions below 9870.00 with targets at 9461.00 & 9080.00 in extension.

Alternative scenario
Above 9870.00 look for further upside with 10117.00 & 10770.00 as targets.

Comment
The RSI lacks upward momentum.

SP 500

Key resistance at 2638.00.

Pivot (invalidation): 2638.00

Our preference
Short positions below 2638.00 with targets at 2450.00 & 2350.00 in extension.

Alternative scenario
Above 2638.00 look for further upside with 2710.00 & 2880.00 as targets.

Comment
As Long as 2638.00 is resistance, look for choppy price action with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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