Swissquote Bank Research Team
Swissquote Bank Ltd
DAX: Bullish bias above 12612.00
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Pivot (invalidation): 12612.00
Our preference
Long positions above 12612.00 with targets at 12840.00 & 12913.00 in extension.
Alternative scenario
Below 12612.00 look for further downside with 12525.00 & 12440.00 as targets.
Comment
The RSI is mixed and calls for caution.
SP 500: Further upside
Pivot (invalidation): 3153.00
Our preference
Long positions above 3153.00 with targets at 3195.00 & 3225.00 in extension.
Alternative scenario
Below 3153.00 look for further downside with 3125.00 & 3086.00 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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