Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Key resistance at 12449.00.
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Pivot (invalidation): 12449.00
Our preference
Short positions below 12449.00 with targets at 12300.00 & 12210.00 in extension.
Alternative scenario
Above 12449.00 look for further upside with 12510.00 & 12580.00 as targets.
Comment
As Long as the resistance at 12449.00 is not surpassed, the risk of the break below 12300.00 remains high.
SP 500
Bullish bias above 2991.00.
Pivot (invalidation): 2991.00
Our preference
Long positions above 2991.00 with targets at 3020.00 & 3029.00 in extension.
Alternative scenario
Below 2991.00 look for further downside with 2978.50 & 2957.00 as targets.
Comment
The RSI is mixed to bullish.
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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