DAX: Bounce

Dax

 

 


 

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Pivot (invalidation): 12090.00

Our preference
Long positions above 12090.00 with targets at 12350.00 & 12450.00 in extension.

Alternative scenario
Below 12090.00 look for further downside with 12020.00 & 11955.00 as targets.

Comment
The RSI calls for a rebound.

 

SP 500: Continuation of the rebound

SP500

Pivot (invalidation): 3000.00

Our preference
Long positions above 3000.00 with targets at 3083.00 & 3115.00 in extension.

Alternative scenario
Below 3000.00 look for further downside with 2965.00 & 2930.00 as targets.

Comment
The RSI is bullish and calls for further upside.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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