DAX Intraday: Supported by a rising trend line

DAX

Supported by a rising trend line.

DAX

 


 

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Pivot (invalidation): 11565.00

Our preference
Long positions above 11565.00 with targets at 11650.00 & 11680.00 in extension.

Alternative scenario
Below 11565.00 look for further downside with 11530.00 & 11485.00 as targets.

Comment
The RSI is mixed with a bullish bias.

 

S&P 500

Under pressure.

SP

Pivot (invalidation): 2821.00

Our preference
Short positions below 2821.00 with targets at 2798.00 & 2784.00 in extension.

Alternative scenario
Above 2821.00 look for further upside with 2831.00 & 2840.00 as targets.

Comment
The RSI lacks upward 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.