DAX: Under pressure
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Pivot (invalidation): 12948.00
Our preference
Short positions below 12948.00 with targets at 12810.00 & 12690.00 in extension.
Alternative scenario
Above 12948.00 look for further upside with 13067.00 & 13215.00 as targets.
Comment
The RSI is bearish and calls for further downside
S&P 500: Key resistance at 3232.00
Pivot (invalidation): 3232.00
Our preference
Short positions below 3232.00 with targets at 3198.00 & 3173.00 in extension.
Alternative scenario
Above 3232.00 look for further upside with 3254.00 & 3277.00 as targets.
Comment
The RSI is mixed.
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