Swissquote Bank Research Team
Swissquote Bank Ltd
DAX: Choppy
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Pivot (invalidation): 11195.00
Our preference
Short positions below 11195.00 with targets at 10930.00 & 10729.00 in extension.
Alternative scenario
Above 11195.00 look for further upside with 11340.00 & 11500.00 as targets.
Comment
Technically the RSI is below its neutrality area at 50.
S&P 500: Choppy
Pivot (invalidation): 2980.00
Our preference
Short positions below 2980.00 with targets at 2913.00 & 2865.00 in extension.
Alternative scenario
Above 2980.00 look for further upside with 3003.00 & 3025.00 as targets.
Comment
The RSI advocates for further decline.
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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