DAX

Bullish bias above 11955.00.

DAX


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Pivot (invalidation): 11955.00

Our preference
Long positions above 11955.00 with targets at 12029.00 & 12112.00 in extension.

Alternative scenario
Below 11955.00 look for further downside with 11890.00 & 11845.00 as targets.

Comment
The RSI is around its neutrality area at 50%

 

S&P 500

Towards 2888.25.

SP500

Pivot (invalidation): 2910.50

Our preference
Short positions below 2910.50 with targets at 2896.00 & 2888.25 in extension.

Alternative scenario
Above 2910.50 look for further upside with 2920.00 & 2931.00 as targets.

Comment
The RSI is mixed to bearish.

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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