SP 500 intrady: Bullish bias above 2450.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Intraday support around 9530.00.

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Pivot (invalidation): 9530.00

Our preference
Long positions above 9530.00 with targets at 10440.00 & 10770.00 in extension.

Alternative scenario
Below 9530.00 look for further downside with 9200.00 & 8730.00 as targets.

Comment
The RSI is mixed to bullish.

SP 500

Bullish bias above 2450.00.

Pivot (invalidation): 2450.00

Our preference
Long positions above 2450.00 with targets at 2710.00 & 2880.00 in extension.

Alternative scenario
Below 2450.00 look for further downside with 2350.00 & 2280.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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