S&P 500 Intraday: Rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Rebound.

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Pivot (invalidation): 11525.00

Our preference
Long positions above 11525.00 with targets at 11700.00 & 11810.00 in extension.

Alternative scenario
Below 11525.00 look for further downside with 11465.00 & 11400.00 as targets.

Comment
The RSI calls for a rebound.

S&P 500

Rebound expected.

Pivot (invalidation): 2731.00

Our preference
Long positions above 2731.00 with targets at 2776.00 & 2810.00 in extension.

Alternative scenario
Below 2731.00 look for further downside with 2710.00 & 2692.00 as targets.

Comment
A support base at 2731.00 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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