DAX levels: Key resistance at 12240.00
|DAX
Key resistance at 12240.00.
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Pivot (invalidation): 12240.00
Our preference
Short positions below 12240.00 with targets at 12155.00 & 12120.00 in extension.
Alternative scenario
Above 12240.00 look for further upside with 12300.00 & 12345.00 as targets.
Comment
The index currently faces a challenging resistance area at 12240.00.
S&P 500
Further advance.
Pivot (invalidation): 2900.00
Our preference
Long positions above 2900.00 with targets at 2916.50 & 2925.00 in extension.
Alternative scenario
Below 2900.00 look for further downside with 2893.00 & 2886.00 as targets.
Comment
The RSI calls for a new upleg.
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