DAX Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The upside prevails.

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 12170.00

Our preference
Long positions above 12170.00 with targets at 12290.00 & 12339.00 in extension.

Alternative scenario
Below 12170.00 look for further downside with 12110.00 & 12063.00 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500

Bullish bias above 2920.00.

Pivot (invalidation): 2920.00

Our preference
Long positions above 2920.00 with targets at 2942.00 & 2953.00 in extension.

Alternative scenario
Below 2920.00 look for further downside with 2910.00 & 2895.00 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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