DAX: Rebound

Dax

 


 

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Pivot (invalidation): 12750.00

Our preference
Long positions above 12750.00 with targets at 12860.00 & 12925.00 in extension.

Alternative scenario
Below 12750.00 look for further downside with 12690.00 & 12630.00 as targets.

Comment
The RSI is mixed with a bullish bias.

 

SP 500: Further advance

SP500

Pivot (invalidation): 3240.00

Our preference
Long positions above 3240.00 with targets at 3279.00 & 3303.00 in extension.

Alternative scenario
Below 3240.00 look for further downside with 3216.00 & 3198.00 as targets.

Comment
The RSI shows upside momentum.
 

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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