Dax intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Turning down

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Pivot (invalidation): 13339.00

Our preference
Short positions below 13339.00 with targets at 13110.00 & 12930.00 in extension.

Alternative scenario
Above 13339.00 look for further upside with 13460.00 & 13560.00 as targets.

Comment
As Long as 13339.00 is resistance, look for choppy price action with a bearish bias.

SP 500: The downside prevails

Pivot (invalidation): 3428.00

Our preference
Short positions below 3428.00 with targets at 3362.00 & 3310.00 in extension.

Alternative scenario
Above 3428.00 look for further upside with 3452.00 & 3500.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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