SP 500 Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Further advance.

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Pivot (invalidation): 11665.00

Our preference
Long positions above 11665.00 with targets at 11780.00 & 11820.00 in extension.

Alternative scenario
Below 11665.00 look for further downside with 11610.00 & 11555.00 as targets.

Comment
The break above 11665.00 is a positive signal that has opened a path to 11780.00.

SP 500

Under pressure.

Pivot (invalidation): 2900.00

Our preference
Short positions below 2900.00 with targets at 2826.00 & 2800.00 in extension.

Alternative scenario
Above 2900.00 look for further upside with 2918.00 & 2942.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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