Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Towards 11730.00.
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Pivot (invalidation): 11445.00
Our preference
Long positions above 11445.00 with targets at 11620.00 & 11730.00 in extension.
Alternative scenario
Below 11445.00 look for further downside with 11350.00 & 11265.00 as targets.
Comment
The RSI calls for a rebound.
S&P 500
Continuation of the rebound.
Pivot (invalidation): 2864.00
Our preference
Long positions above 2864.00 with targets at 2917.00 & 2942.00 in extension.
Alternative scenario
Below 2864.00 look for further downside with 2825.25 & 2798.50 as targets.
Comment
The RSI is bullish and calls for further advance.
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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