DAX intraday: Consolidation in place
|DAX
Consolidation in place.
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Pivot (invalidation): 10140.00
Our preference
Short positions below 10140.00 with targets at 9455.00 & 9200.00 in extension.
Alternative scenario
Above 10140.00 look for further upside with 10410.00 & 10770.00 as targets.
Comment
As Long as 10140.00 is resistance, look for choppy price action with a bearish bias.
SP 500
Further upside.
Pivot (invalidation): 2350.00
Our preference
Long positions above 2350.00 with targets at 2571.00 & 2710.00 in extension.
Alternative scenario
Below 2350.00 look for further downside with 2290.00 & 2185.00 as targets.
Comment
The RSI is bullish and calls for further upside.
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