DAX

The downside prevails.

DAX

 


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Pivot (invalidation): 11790.00

Our preference
Short positions below 11790.00 with targets at 11560.00 & 11415.00 in extension.

Alternative scenario
Above 11790.00 look for further upside with 11880.00 & 11980.00 as targets.

Comment
The RSI is bearish and calls for further decline.

 

SP500

Under pressure.

SP500

 

Pivot (invalidation): 2875.00

Our preference
Short positions below 2875.00 with targets at 2826.00 & 2800.00 in extension.

Alternative scenario
Above 2875.00 look for further upside with 2900.00 & 2942.00 as targets.

Comment
The RSI is bearish and calls for further downside.

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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