Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Technical rebound in a bearish trend.
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Pivot (invalidation): 10905.00
Our preference
Long positions above 10905.00 with targets at 11057.00 & 11150.00 in extension.
Alternative scenario
Below 10905.00 look for further downside with 10850.00 & 10770.00 as targets.
Comment
The RSI is around its neutrality area at 50%
S&P 500
The downside prevails.
Pivot (invalidation): 2719.00
Our preference
Short positions below 2719.00 with targets at 2695.00 & 2682.00 in extension.
Alternative scenario
Above 2719.00 look for further upside with 2731.00 & 2740.00 as targets.
Comment
The RSI is bearish and calls for further downside.
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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