SP 500 intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Bullish bias above 10520.00.

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Pivot (invalidation): 10520.00

Our preference
Long positions above 10520.00 with targets at 10680.00 & 10820.00 in extension.

Alternative scenario
Below 10520.00 look for further downside with 10420.00 & 10335.00 as targets.

Comment
The RSI is bullish and calls for further upside.

SP 500

Further upside.

Pivot (invalidation): 2840.00

Our preference
Long positions above 2840.00 with targets at 2900.00 & 2971.00 in extension.

Alternative scenario
Below 2840.00 look for further downside with 2785.00 & 2727.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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