DAX intraday: Consolidation in place
|DAX: Consolidation in place
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Pivot (invalidation): 11880.00
Our preference
Short positions below 11880.00 with targets at 11654.00 & 11570.00 in extension.
Alternative scenario
Above 11880.00 look for further upside with 12000.00 & 12100.00 as targets.
Comment
As Long as 11880.00 is resistance, expect a return to 11654.00.
SP 500: Key resistance at 3068.00
Pivot (invalidation): 3068.00
Our preference
Short positions below 3068.00 with targets at 3015.00 & 2970.00 in extension.
Alternative scenario
Above 3068.00 look for further upside with 3100.00 & 3180.00 as targets.
Comment
As Long as the resistance at 3068.00 is not surpassed, the risk of the break below 3015.00 remains high.
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