DAX

Intraday support around 11650.00

DAX

 


 

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Pivot (invalidation): 11650.00

Our preference
Long positions above 11650.00 with targets at 11870.00 & 11990.00 in extension.

Alternative scenario
Below 11650.00 look for further downside with 11570.00 & 11500.00 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

SP 500

Intraday support around 2890.00

SP

 

Pivot (invalidation): 2890.00

Our preference
Long positions above 2890.00 with targets at 2944.00 & 2973.00 in extension.

Alternative scenario
Below 2890.00 look for further downside with 2870.00 & 2840.00 as targets.

Comment
The RSI is mixed and calls for caution.

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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