DAX Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The downside prevails.

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Pivot (invalidation): 11440.00

Our preference
Short positions below 11440.00 with targets at 11230.00 & 11160.00 in extension.

Alternative scenario
Above 11440.00 look for further upside with 11520.00 & 11590.00 as targets.

Comment
The RSI is below its neutrality area at 50%

S&P 500

Bullish bias above 2783.00.

Pivot (invalidation): 2783.00

Our preference
Long positions above 2783.00 with targets at 2822.50 & 2844.75 in extension.

Alternative scenario
Below 2783.00 look for further downside with 2767.25 & 2743.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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