Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
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Pivot (invalidation): 10140.00
Our preference
Short positions below 10140.00 with targets at 9455.00 & 9200.00 in extension.
Alternative scenario
Above 10140.00 look for further upside with 10410.00 & 10770.00 as targets.
Comment
As Long as 10140.00 is resistance, look for choppy price action with a bearish bias.
SP 500
Further upside.
Pivot (invalidation): 2350.00
Our preference
Long positions above 2350.00 with targets at 2571.00 & 2710.00 in extension.
Alternative scenario
Below 2350.00 look for further downside with 2290.00 & 2185.00 as targets.
Comment
The RSI is bullish and calls 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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