Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Choppy.
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Pivot (invalidation): 11036.00
Our preference
Long positions above 11036.00 with targets at 11173.00 & 11247.00 in extension.
Alternative scenario
Below 11036.00 look for further downside with 10940.00 & 10860.00 as targets.
Comment
Investors have to remain cautious since these levels may trigger profit taking.
S&P 500
Bullish bias above 2722.00.
Pivot (invalidation): 2722.00
Our preference
Long positions above 2722.00 with targets at 2765.00 & 2790.00 in extension.
Alternative scenario
Below 2722.00 look for further downside with 2710.00 & 2695.00 as targets.
Comment
The RSI is bullish and calls for further advance.
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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