DAX Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The downside prevails.

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Pivot (invalidation): 10840.00

Our preference
Short positions below 10840.00 with targets at 10685.00 & 10620.00 in extension.

Alternative scenario
Above 10840.00 look for further upside with 10910.00 & 11000.00 as targets.

Comment
The RSI is mixed and calls for caution.

S&P 500

The downside prevails.

Pivot (invalidation): 2588.50

Our preference
Short positions below 2588.50 with targets at 2502.00 & 2454.00 in extension.

Alternative scenario
Above 2588.50 look for further upside with 2608.00 & 2634.00 as targets.

Comment
The RSI shows downside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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