Pivot (invalidation): 40.15
Our preference Short positions below 40.15 with targets at 39.30 & 38.85 in extension.
Alternative scenario Above 40.15 look for further upside with 40.55 & 40.90 as targets.
Comment As Long as the resistance at 40.15 is not surpassed, the risk of the break below 39.30 remains high.