SP500 Intraday: Bullish bias above 2430.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Intraday support around 9337.00.

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Pivot (invalidation): 9337.00

Our preference
Long positions above 9337.00 with targets at 9760.00 & 9950.00 in extension.

Alternative scenario
Below 9337.00 look for further downside with 9080.00 & 8730.00 as targets.

Comment
A support base at 9337.00 has formed and has allowed for a temporary stabilisation.

S&P 500

Bullish bias above 2430.00.

Pivot (invalidation): 2430.00

Our preference
Long positions above 2430.00 with targets at 2539.00 & 2570.00 in extension.

Alternative scenario
Below 2430.00 look for further downside with 2350.00 & 2280.00 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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