DAX: Key resistance at 12955.00
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Pivot (invalidation): 12955.00
Our preference
Short positions below 12955.00 with targets at 12800.00 & 12730.00 in extension.
Alternative scenario
Above 12955.00 look for further upside with 13055.00 & 13100.00 as targets.
Comment
As Long as 12955.00 is resistance, look for choppy price action with a bearish bias.
SP500: Bullish bias above 3378.00
Pivot (invalidation): 3378.00
Our preference
Long positions above 3378.00 with targets at 3400.00 & 3415.00 in extension.
Alternative scenario
Below 3378.00 look for further downside with 3362.00 & 3350.00 as targets.
Comment
The RSI is above its neutrality area at 50%.
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