Pivot (invalidation): 39.45
Our preference Short positions below 39.45 with targets at 38.40 & 38.00 in extension.
Alternative scenario Above 39.45 look for further upside with 39.80 & 40.25 as targets.
Comment As Long as the resistance at 39.45 is not surpassed, the risk of the break below 38.40 remains high.