Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Further upside.
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Pivot (invalidation): 12600.00
Our preference
Long positions above 12600.00 with targets at 12760.00 & 12840.00 in extension.
Alternative scenario
Below 12600.00 look for further downside with 12510.00 & 12400.00 as targets.
Comment
The RSI is bullish and calls for further advance.
SP500
The upside prevails.
Pivot (invalidation): 2972.00
Our preference
Long positions above 2972.00 with targets at 3005.00 & 3022.00 in extension.
Alternative scenario
Below 2972.00 look for further downside with 2960.00 & 2947.00 as targets.
Comment
The RSI calls for a new upleg.
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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