S&P 500 Levels: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Target 12095.00.

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Pivot (invalidation): 11880.00

Our preference
Long positions above 11880.00 with targets at 12040.00 & 12095.00 in extension.

Alternative scenario
Below 11880.00 look for further downside with 11800.00 & 11720.00 as targets.

Comment
The RSI calls for a new upleg.

S&P 500

The upside prevails.

Pivot (invalidation): 2875.00

Our preference
Long positions above 2875.00 with targets at 2898.00 & 2911.00 in extension.

Alternative scenario
Below 2875.00 look for further downside with 2866.00 & 2854.00 as targets.

Comment
The RSI is supported by a rising trend line.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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