Jiming Huang / Blog
Pivot (invalidation): 105.90 Our preference Short positions below 105.90 with targets at 105.25 & 105.00 in extension. Alternative scenario Above 105.90 look for further upside with 106.15 & 106.45 as targets...
Pivot (invalidation): 1.2800 Our preference Long positions above 1.2800 with targets at 1.2870 & 1.2900 in extension. Alternative scenario Below 1.2800 look for further downside with 1.2775 & 1.2750 as targets...
Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1735 & 1.1760 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1630 & 1.1600 as targets...
In the commodity market, gold hasn’t found the strength to continue its rally after five bullish sessions. The metal is down 0.35% to $1,884 – still close to its record high set in 2011. It likely has to do with investors’ profit-taking because fundamentals would support gold right now...
US equities have lost earlier gains and fell to relatively the same levels where they started on Monday. Nasdaq (-2.29%) has experienced the worst performance in a month, dragged down by mega-cap tech stocks...
Pivot (invalidation): 41.55 Our preference Short positions below 41.55 with targets at 40.80 & 40.30 in extension. Alternative scenario Above 41.55 look for further upside with 42.05 & 42.50 as targets...
Pivot (invalidation): 22.2300 Our preference Long positions above 22.2300 with targets at 23.2400 & 23.6600 in extension. Alternative scenario Below 22.2300 look for further downside with 21.8300 & 21.4800 as targets...
Pivot (invalidation): 1870.00 Our preference Long positions above 1870.00 with targets at 1898.00 & 1907.00 in extension. Alternative scenario Below 1870.00 look for further downside with 1861.00 & 1846.00 as targets...
Pivot (invalidation): 3253.00 Our preference Short positions below 3253.00 with targets at 3215.00 & 3198.00 in extension. Alternative scenario Above 3253.00 look for further upside with 3280.00 & 3293.00 as targets...