DAX intraday: Rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Rebound expected

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Pivot (invalidation): 12415.00

Our preference
Long positions above 12415.00 with targets at 12730.00 & 12850.00 in extension.

Alternative scenario
Below 12415.00 look for further downside with 12300.00 & 12210.00 as targets.

Comment
The next resistances are at 12730.00 and then at 12850.00.

S&P 500: Continuation of the rebound

Pivot (invalidation): 3270.00

Our preference
Long positions above 3270.00 with targets at 3328.00 & 3375.00 in extension.

Alternative scenario
Below 3270.00 look for further downside with 3228.00 & 3175.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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