DAX

Further upside.

dax

 


 

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Pivot (invalidation): 12310.00

Our preference
Long positions above 12310.00 with targets at 12540.00 & 12700.00 in extension.

Alternative scenario
Below 12310.00 look for further downside with 12210.00 & 12125.00 as targets.

Comment
The RSI advocates for further upside.

 

SP 500

Under pressure.

sp

Pivot (invalidation): 3020.00

Our preference
Short positions below 3020.00 with targets at 2990.00 & 2974.00 in extension.

Alternative scenario
Above 3020.00 look for further upside with 3029.00 & 3045.00 as targets.

Comment
The RSI is bearish and calls for further downside.

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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