SP500 Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

The downside prevails.

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Pivot (invalidation): 11790.00

Our preference
Short positions below 11790.00 with targets at 11560.00 & 11415.00 in extension.

Alternative scenario
Above 11790.00 look for further upside with 11880.00 & 11980.00 as targets.

Comment
The RSI is bearish and calls for further decline.

SP500

Under pressure.

Pivot (invalidation): 2875.00

Our preference
Short positions below 2875.00 with targets at 2826.00 & 2800.00 in extension.

Alternative scenario
Above 2875.00 look for further upside with 2900.00 & 2942.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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