DAX intraday: Bullish bias above 12773.00
DAX: Bullish bias above 12773.00
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Pivot (invalidation): 12773.00
Our preference
Long positions above 12773.00 with targets at 13090.00 & 13230.00 in extension.
Alternative scenario
Below 12773.00 look for further downside with 12690.00 & 12530.00 as targets.
Comment
The RSI is bullish and calls for further advance.
SP 500: Bullish bias above 3200.00
Pivot (invalidation): 3200.00
Our preference
Long positions above 3200.00 with targets at 3237.00 & 3270.00 in extension.
Alternative scenario
Below 3200.00 look for further downside with 3175.00 & 3127.00 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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