Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Bullish bias above 10520.00.
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Pivot (invalidation): 10520.00
Our preference
Long positions above 10520.00 with targets at 10680.00 & 10820.00 in extension.
Alternative scenario
Below 10520.00 look for further downside with 10420.00 & 10335.00 as targets.
Comment
The RSI is bullish and calls for further upside.
SP 500
Further upside.
Pivot (invalidation): 2840.00
Our preference
Long positions above 2840.00 with targets at 2900.00 & 2971.00 in extension.
Alternative scenario
Below 2840.00 look for further downside with 2785.00 & 2727.00 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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