SP500 Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

DAX

Further upside.

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Pivot (invalidation): 13230.00

Our preference
Long positions above 13230.00 with targets at 13330.00 & 13390.00 in extension.

Alternative scenario
Below 13230.00 look for further downside with 13180.00 & 13120.00 as targets.

Comment
The RSI is bullish and calls for further advance.

SP500

Under pressure.

Pivot (invalidation): 3098.00

Our preference
Short positions below 3098.00 with targets at 3076.00 & 3065.00 in extension.

Alternative scenario
Above 3098.00 look for further upside with 3109.00 & 3117.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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