Pivot (invalidation): 39.15
Our preference Short positions below 39.15 with targets at 38.30 & 37.90 in extension.
Alternative scenario Above 39.15 look for further upside with 39.60 & 40.00 as targets.
Comment As Long as the resistance at 39.15 is not surpassed, the risk of the break below 38.30 remains high.