DAX intraday: Bullish bias above 12612.00

DAX: Bullish bias above 12612.00

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Pivot (invalidation): 12612.00

Our preference
Long positions above 12612.00 with targets at 12840.00 & 12913.00 in extension.

Alternative scenario
Below 12612.00 look for further downside with 12525.00 & 12440.00 as targets.

Comment
The RSI is mixed and calls for caution.

SP 500: Further upside

Pivot (invalidation): 3153.00

Our preference
Long positions above 3153.00 with targets at 3195.00 & 3225.00 in extension.

Alternative scenario
Below 3153.00 look for further downside with 3125.00 & 3086.00 as targets.

Comment
The RSI advocates for further upside.