S&P 500 Intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Intraday support around 11850.00.

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Pivot (invalidation): 11850.00

Our preference
Long positions above 11850.00 with targets at 11950.00 & 11990.00 in extension.

Alternative scenario
Below 11850.00 look for further downside with 11790.00 & 11750.00 as targets.

Comment
The RSI is mixed.

S&P 500

The bias remains bullish.

Pivot (invalidation): 2875.25

Our preference
Long positions above 2875.25 with targets at 2896.00 & 2909.50 in extension.

Alternative scenario
Below 2875.25 look for further downside with 2869.00 & 2859.25 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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