SP500 Intraday: bullish bias above 2890.00

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Key resistance at 11880.00.

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Pivot (invalidation): 11880.00

Our preference
Short positions below 11880.00 with targets at 11655.00 & 11560.00 in extension.

Alternative scenario
Above 11880.00 look for further upside with 11980.00 & 12060.00 as targets.

Comment
The index currently faces a challenging resistance area at 11880.00.

SP500

Bullish bias above 2890.00.

Pivot (invalidation): 2890.00

Our preference
Long positions above 2890.00 with targets at 2942.00 & 2980.00 in extension.

Alternative scenario
Below 2890.00 look for further downside with 2864.00 & 2825.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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