DAX

The downside prevails.

DAX

Pivot (invalidation): 12400.00

Our preference
Short positions below 12400.00 with targets at 12270.00 & 12200.00 in extension.

Alternative scenario
Above 12400.00 look for further upside with 12450.00 & 12490.00 as targets.

Comment
The RSI is bearish and calls for further downside.

 

S&P 500

Intraday support around 2984.50.

SP500

 

Pivot (invalidation): 2984.50

Our preference
Long positions above 2984.50 with targets at 3003.00 & 3018.00 in extension.

Alternative scenario
Below 2984.50 look for further downside with 2973.00 & 2963.00 as targets.

Comment
The RSI is mixed with a bullish bias.

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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