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.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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