SP 500 Intraday: bullish bias above 3101.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 13190.00.

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Pivot (invalidation): 13190.00

Our preference
Short positions below 13190.00 with targets at 12925.00 & 12870.00 in extension.

Alternative scenario
Above 13190.00 look for further upside with 13260.00 & 13340.00 as targets.

Comment
As Long as 13190.00 is resistance, expect a return to 12925.00.

SP 500

Bullish bias above 3101.00.

Pivot (invalidation): 3101.00

Our preference
Long positions above 3101.00 with targets at 3125.00 & 3141.00 in extension.

Alternative scenario
Below 3101.00 look for further downside with 3081.00 & 3069.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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