DAX Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The downside prevails.

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Pivot (invalidation): 11190.00

Our preference
Short positions below 11190.00 with targets at 11000.00 & 10920.00 in extension.

Alternative scenario
Above 11190.00 look for further upside with 11240.00 & 11353.00 as targets.

Comment
As Long as the resistance at 11190.00 is not surpassed, the risk of the break below 11000.00 remains high.

S&P 500

Under pressure.

Pivot (invalidation): 2670.00

Our preference
Short positions below 2670.00 with targets at 2628.00 & 2600.00 in extension.

Alternative scenario
Above 2670.00 look for further upside with 2688.00 & 2744.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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