DAX: Range

Dax


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Pivot (invalidation): 13000.00

Our preference
Long positions above 13000.00 with targets at 13215.00 & 13297.00 in extension.

Alternative scenario
Below 13000.00 look for further downside with 12810.00 & 12670.00 as targets.

Comment
The RSI lacks momentum.

S&P 500: The downside prevails

SP500

Pivot (invalidation): 3615.00

Our preference
Short positions below 3615.00 with targets at 3552.00 & 3511.00 in extension.

Alternative scenario
Above 3615.00 look for further upside with 3645.00 & 3690.00 as targets.

Comment
The RSI is bearish and calls for further decline.

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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