Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Bullish bias above 11930.00.
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Pivot (invalidation): 11930.00
Our preference
Long positions above 11930.00 with targets at 12060.00 & 12112.00 in extension.
Alternative scenario
Below 11930.00 look for further downside with 11885.00 & 11845.00 as targets.
Comment
The RSI advocates for further advance.
S&P 500
Further advance.
Pivot (invalidation): 2896.00
Our preference
Long positions above 2896.00 with targets at 2910.50 & 2920.00 in extension.
Alternative scenario
Below 2896.00 look for further downside with 2888.25 & 2873.50 as targets.
Comment
The RSI advocates for further upside.
This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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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