DAX Intraday: Under pressure

DAX

Under pressure.

DAX


 

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Pivot (invalidation): 10960.00

Our preference
Short positions below 10960.00 with targets at 10730.00 & 10610.00 in extension.

Alternative scenario
Above 10960.00 look for further upside with 11060.00 & 11160.00 as targets.

Comment
The RSI is bearish and calls for further downside.

 

S&P 500

Further advance.

SP500

Pivot (invalidation): 2648.00

Our preference
Long positions above 2648.00 with targets at 2731.00 & 2760.00 in extension.

Alternative scenario
Below 2648.00 look for further downside with 2621.00 & 2602.00 as targets.

Comment
The RSI is bullish and calls for further upside.

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.