Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Key resistance at 9870.00.
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Pivot (invalidation): 9870.00
Our preference
Short positions below 9870.00 with targets at 9461.00 & 9080.00 in extension.
Alternative scenario
Above 9870.00 look for further upside with 10117.00 & 10770.00 as targets.
Comment
The RSI lacks upward momentum.
SP 500
Key resistance at 2638.00.
Pivot (invalidation): 2638.00
Our preference
Short positions below 2638.00 with targets at 2450.00 & 2350.00 in extension.
Alternative scenario
Above 2638.00 look for further upside with 2710.00 & 2880.00 as targets.
Comment
As Long as 2638.00 is resistance, look for choppy price action with a bearish bias.
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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