DAX Intraday: Supported by a rising trend line

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Supported by a rising trend line.

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Pivot (invalidation): 11565.00

Our preference
Long positions above 11565.00 with targets at 11650.00 & 11680.00 in extension.

Alternative scenario
Below 11565.00 look for further downside with 11530.00 & 11485.00 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500

Under pressure.

Pivot (invalidation): 2821.00

Our preference
Short positions below 2821.00 with targets at 2798.00 & 2784.00 in extension.

Alternative scenario
Above 2821.00 look for further upside with 2831.00 & 2840.00 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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