S&P 500 intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: The downside prevails

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Pivot (invalidation): 12725.00

Our preference
Short positions below 12725.00 with targets at 12510.00 & 12340.00 in extension.

Alternative scenario
Above 12725.00 look for further upsid

S&P 500: The downside prevails

Pivot (invalidation): 3480.00

Our preference
Short positions below 3480.00 with targets at 3420.00 & 3370.00 in extension.

Alternative scenario
Above 3480.00 look for further upside with 3515.00 & 3550.00 as targets.

Comment
The RSI is mixed to bearish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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