Jiming Huang / Blog
Pivot (invalidation): 7.4660 Our preference Short positions below 7.4660 with targets at 7.4190 & 7.3960 in extension. Alternative scenario Above 7.4660 look for further upside with 7.5000 & 7.5200 as targets...
Pivot (invalidation): 0.7285 Our preference Short positions below 0.7285 with targets at 0.7245 & 0.7220 in extension. Alternative scenario Above 0.7285 look for further upside with 0.7305 & 0.7325 as targets...
Pivot (invalidation): 1.3150 Our preference Long positions above 1.3150 with targets at 1.3200 & 1.3225 in extension. Alternative scenario Below 1.3150 look for further downside with 1.3115 & 1.3090 as targets...
Pivot (invalidation): 0.9075 Our preference Long positions above 0.9075 with targets at 0.9115 & 0.9135 in extension. Alternative scenario Below 0.9075 look for further downside with 0.9060 & 0.9045 as targets...
Pivot (invalidation): 106.35 Our preference Short positions below 106.35 with targets at 105.90 & 105.75 in extension. Alternative scenario Above 106.35 look for further upside with 106.50 & 106.70 as targets...
Pivot (invalidation): 1.2885 Our preference Short positions below 1.2885 with targets at 1.2715 & 1.2655 in extension. Alternative scenario Above 1.2885 look for further upside with 1.2930 & 1.2990 as targets...
Pivot (invalidation): 1.1855 Our preference Short positions below 1.1855 with targets at 1.1810 & 1.1795 in extension. Alternative scenario Above 1.1855 look for further upside with 1.1875 & 1.1895 as targets...
While investors expected a rebound in equities to come sooner than later, the way US stocks bounced back was surprising, with the three benchmark indexes showing the best single-day gains in months...