S&P 500 Intraday: Capped by a negative trend line

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 10840.00.

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Pivot (invalidation): 10840.00

Our preference
Short positions below 10840.00 with targets at 10685.00 & 10620.00 in extension.

Alternative scenario
Above 10840.00 look for further upside with 10910.00 & 11000.00 as targets.

Comment
The RSI is below its neutrality area at 50%

S&P 500

Capped by a negative trend line.

Pivot (invalidation): 2575.00

Our preference
Short positions below 2575.00 with targets at 2528.00 & 2502.00 in extension.

Alternative scenario
Above 2575.00 look for further upside with 2588.50 & 2608.00 as targets.

Comment
The RSI is mixed to bearish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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