S&P 500 intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX: The bias remains bullish

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Pivot (invalidation): 13110.00

Our preference
Long positions above 13110.00 with targets at 13275.00 & 13339.00 in extension.

Alternative scenario
Below 13110.00 look for further downside with 13035.00 & 12966.00 as targets.

Comment
The RSI is around its neutrality area at 50%.

S&P 500: Under pressure

Pivot (invalidation): 3375.00

Our preference
Short positions below 3375.00 with targets at 3310.00 & 3270.00 in extension.

Alternative scenario
Above 3375.00 look for further upside with 3428.00 & 3452.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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