Jiming Huang / Blog
Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3070 & 1.3045 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3160 & 1.3190 as targets...
The S&P500 (+0.23%) finally closed above its February, and all-time high. This was the fastest rebound from a bear market after the pandemic-induced sell-off erased more than 20% of its value in the first quarter of the year. Nasdaq closed 0.73% higher...
Pivot (invalidation): 42.65 Our preference Long positions above 42.65 with targets at 43.10 & 43.30 in extension. Alternative scenario Below 42.65 look for further downside with 42.40 & 42.10 as targets...
Pivot (invalidation): 28.1500 Our preference Short positions below 28.1500 with targets at 27.3000 & 27.0800 in extension. Alternative scenario Above 28.1500 look for further upside with 28.4500 & 28.7500 as targets...
Pivot (invalidation): 2006.00 Our preference Short positions below 2006.00 with targets at 1976.00 & 1966.00 in extension. Alternative scenario Above 2006.00 look for further upside with 2015.00 & 2030.00 as targets...
Pivot (invalidation): 3379.00 Our preference Long positions above 3379.00 with targets at 3400.00 & 3415.00 in extension. Alternative scenario Below 3379.00 look for further downside with 3362.00 & 3350.00 as targets...
Pivot (invalidation): 12955.00 Our preference Short positions below 12955.00 with targets at 12800.00 & 12730.00 in extension. Alternative scenario Above 12955.00 look for further upside with 13055.00 & 13100.00 as targets...
Pivot (invalidation): 7.3960 Our preference Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension. Alternative scenario Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets...