Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
The upside prevails.
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Pivot (invalidation): 12239.00
Our preference
Long positions above 12239.00 with targets at 12350.00 & 12400.00 in extension.
Alternative scenario
Below 12239.00 look for further downside with 12180.00 & 12100.00 as targets.
Comment
The RSI shows upside momentum.
S&P 500
Further advance.
Pivot (invalidation): 2920.00
Our preference
Long positions above 2920.00 with targets at 2942.00 & 2953.00 in extension.
Alternative scenario
Below 2920.00 look for further downside with 2910.00 & 2895.00 as targets.
Comment
The RSI is mixed to bullish.
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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