Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Target 11390.00.
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Pivot (invalidation): 11720.00
Our preference
Short positions below 11720.00 with targets at 11460.00 & 11390.00 in extension.
Alternative scenario
Above 11720.00 look for further upside with 11790.00 & 11850.00 as targets.
Comment
The RSI shows downside momentum.
S&P 500
Under pressure.
Pivot (invalidation): 2785.00
Our preference
Short positions below 2785.00 with targets at 2749.00 & 2709.75 in extension.
Alternative scenario
Above 2785.00 look for further upside with 2818.00 & 2846.75 as targets.
Comment
The RSI is bearish and calls for further decline.
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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