DAX: Consolidation in place

Dax

 


 

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Pivot (invalidation): 13040.00

Our preference
Short positions below 13040.00 with targets at 12955.00 & 12900.00 in extension.

Alternative scenario
Above 13040.00 look for further upside with 13100.00 & 13160.00 as targets.

Comment
As Long as 13040.00 is resistance, look for choppy price action with a bearish bias.

 

SP 500: Bullish bias above 3363.00

SP500

Pivot (invalidation): 3363.00

Our preference
Long positions above 3363.00 with targets at 3400.00 & 3415.00 in extension.

Alternative scenario
Below 3363.00 look for further downside with 3327.00 & 3306.00 as targets.

Comment
The RSI is mixed to bullish.

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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