SP 500 intraday: Bullish bias above 3218.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: Intraday support around 12810.00

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Pivot (invalidation): 12810.00

Our preference
Long positions above 12810.00 with targets at 12948.00 & 13067.00 in extension.

Alternative scenario
Below 12810.00 look for further downside with 12690.00 & 12530.00 as targets.

Comment
A support base at 12810.00 has formed and has allowed for a temporary stabilisation.

SP 500: Bullish bias above 3218.00

Pivot (invalidation): 3218.00

Our preference
Long positions above 3218.00 with targets at 3254.00 & 3277.00 in extension.

Alternative scenario
Below 3218.00 look for further downside with 3198.00 & 3173.00 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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