Swissquote Bank Research Team
Swissquote Bank Ltd
DAX: Consolidation in place
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Pivot (invalidation): 12670.00
Our preference
Short positions below 12670.00 with targets at 12525.00 & 12440.00 in extension.
Alternative scenario
Above 12670.00 look for further upside with 12730.00 & 12840.00 as targets.
Comment
The RSI is below its neutrality area at 50%
SP 500: Turning down
Pivot (invalidation): 3165.00
Our preference
Short positions below 3165.00 with targets at 3125.00 & 3086.00 in extension.
Alternative scenario
Above 3165.00 look for further upside with 3184.00 & 3225.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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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