Pivot (invalidation): 39.70
Our preference Short positions below 39.70 with targets at 38.85 & 38.40 in extension.
Alternative scenario Above 39.70 look for further upside with 40.05 & 40.30 as targets.
Comment As Long as the resistance at 39.70 is not surpassed, the risk of the break below 38.85 remains high.