DAX: The downside prevails

DAX


 

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Pivot (invalidation): 12525.00

Our preference
Short positions below 12525.00 with targets at 12260.00 & 12100.00 in extension.

Alternative scenario
Above 12525.00 look for further upside with 12745.00 & 12860.00 as targets.

Comment
The break below 12525.00 is a negative signal that has opened a path to 12260.00.

 

SP 500: Choppy

SP500

Pivot (invalidation): 3227.00

Our preference
Long positions above 3227.00 with targets at 3279.00 & 3303.00 in extension.

Alternative scenario
Below 3227.00 look for further downside with 3205.00 & 3180.00 as targets.

Comment
The RSI is mixed to bullish.

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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