DAX Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Under pressure.

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

Pivot (invalidation): 10980.00

Our preference
Short positions below 10980.00 with targets at 10850.00 & 10770.00 in extension.

Alternative scenario
Above 10980.00 look for further upside with 11090.00 & 11180.00 as targets.

Comment
The RSI is bearish and calls for further decline.

S&P 500

Bullish bias above 2682.00.

Pivot (invalidation): 2682.00

Our preference
Long positions above 2682.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario
Below 2682.00 look for further downside with 2671.75 & 2651.50 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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