DAX
The downside prevails.
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Pivot (invalidation): 10840.00
Our preference
Short positions below 10840.00 with targets at 10685.00 & 10620.00 in extension.
Alternative scenario
Above 10840.00 look for further upside with 10910.00 & 11000.00 as targets.
Comment
The RSI is mixed and calls for caution.
S&P 500
The downside prevails.
Pivot (invalidation): 2588.50
Our preference
Short positions below 2588.50 with targets at 2502.00 & 2454.00 in extension.
Alternative scenario
Above 2588.50 look for further upside with 2608.00 & 2634.00 as targets.
Comment
The RSI shows downside momentum.
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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