SP 500 Intraday: support around 2890.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Intraday support around 11650.00

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Pivot (invalidation): 11650.00

Our preference
Long positions above 11650.00 with targets at 11870.00 & 11990.00 in extension.

Alternative scenario
Below 11650.00 look for further downside with 11570.00 & 11500.00 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

SP 500

Intraday support around 2890.00

Pivot (invalidation): 2890.00

Our preference
Long positions above 2890.00 with targets at 2944.00 & 2973.00 in extension.

Alternative scenario
Below 2890.00 look for further downside with 2870.00 & 2840.00 as targets.

Comment
The RSI is mixed and calls for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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