S&P 500 Intraday: Bullish bias above 2722.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Choppy.

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Pivot (invalidation): 11036.00

Our preference
Long positions above 11036.00 with targets at 11173.00 & 11247.00 in extension.

Alternative scenario
Below 11036.00 look for further downside with 10940.00 & 10860.00 as targets.

Comment
Investors have to remain cautious since these levels may trigger profit taking.

S&P 500

Bullish bias above 2722.00.

Pivot (invalidation): 2722.00

Our preference
Long positions above 2722.00 with targets at 2765.00 & 2790.00 in extension.

Alternative scenario
Below 2722.00 look for further downside with 2710.00 & 2695.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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