DAX: Consolidation

Dax

 


 

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Pivot (invalidation): 12350.00

Our preference
Short positions below 12350.00 with targets at 12090.00 & 12020.00 in extension.

Alternative scenario
Above 12350.00 look for further upside with 12450.00 & 12520.00 as targets.

Comment
The RSI is mixed.

 

SP 500: Further upside

SP500

Pivot (invalidation): 3068.00

Our preference
Long positions above 3068.00 with targets at 3126.00 & 3156.00 in extension.

Alternative scenario
Below 3068.00 look for further downside with 3032.00 & 3000.00 as targets.

Comment
The RSI shows upside momentum.

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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