SP500 Intraday: further advance

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Further upside.

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Pivot (invalidation): 12400.00

Our preference
Long positions above 12400.00 with targets at 12600.00 & 12655.00 in extension.

Alternative scenario
Below 12400.00 look for further downside with 12325.00 & 12240.00 as targets.

Comment
The RSI is bullish and calls for further advance.

SP500

Further advance.

Pivot (invalidation): 2960.00

Our preference
Long positions above 2960.00 with targets at 2992.00 & 3005.00 in extension.

Alternative scenario
Below 2960.00 look for further downside with 2947.00 & 2925.00 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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