S&P 500 Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The downside prevails.

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Pivot (invalidation): 11820.00

Our preference
Short positions below 11820.00 with targets at 11620.00 & 11515.00 in extension.

Alternative scenario
Above 11820.00 look for further upside with 11900.00 & 12000.00 as targets.

Comment
The break below the support at 11820.00 triggered a downward acceleration to 11515.00.

S&P 500

The downside prevails.

Pivot (invalidation): 2830.00

Our preference
Short positions below 2830.00 with targets at 2764.00 & 2735.00 in extension.

Alternative scenario
Above 2830.00 look for further upside with 2853.50 & 2865.00 as targets.

Comment
The RSI is capped by a bearish trend line.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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