SP500 Intraday: Turning down
DAX
Key resistance at 13800.00.
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Pivot (invalidation): 13800.00
Our preference
Short positions below 13800.00 with targets at 13750.00 & 13710.00 in extension.
Alternative scenario
Above 13800.00 look for further upside with 13855.00 & 13930.00 as targets.
Comment
The upward potential is likely to be limited by the resistance at 13800.00.
SP500
Turning down.
Pivot (invalidation): 3400.00
Our preference
Short positions below 3400.00 with targets at 3373.00 & 3355.00 in extension.
Alternative scenario
Above 3400.00 look for further upside with 3415.00 & 3430.00 as targets.
Comment
The upward potential is likely to be limited by the resistance at 3400.00.
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