Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
The downside prevails.
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Pivot (invalidation): 11190.00
Our preference
Short positions below 11190.00 with targets at 11000.00 & 10920.00 in extension.
Alternative scenario
Above 11190.00 look for further upside with 11240.00 & 11353.00 as targets.
Comment
As Long as the resistance at 11190.00 is not surpassed, the risk of the break below 11000.00 remains high.
S&P 500
Under pressure.
Pivot (invalidation): 2670.00
Our preference
Short positions below 2670.00 with targets at 2628.00 & 2600.00 in extension.
Alternative scenario
Above 2670.00 look for further upside with 2688.00 & 2744.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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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