Dax intraday: Rebound

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Rebound

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Pivot (invalidation): 12750.00

Our preference
Long positions above 12750.00 with targets at 12860.00 & 12925.00 in extension.

Alternative scenario
Below 12750.00 look for further downside with 12690.00 & 12630.00 as targets.

Comment
The RSI is mixed with a bullish bias.

SP 500: Further advance

Pivot (invalidation): 3240.00

Our preference
Long positions above 3240.00 with targets at 3279.00 & 3303.00 in extension.

Alternative scenario
Below 3240.00 look for further downside with 3216.00 & 3198.00 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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