Jiming Huang / Blog
Pivot (invalidation): 1.1555 Our preference Long positions above 1.1555 with targets at 1.1585 & 1.1600 in extension. Alternative scenario Below 1.1555 look for further downside with 1.1535 & 1.1515 as targets...
US equities started the Tuesday session with a steep rally but gave up at the end of the day. Still, the benchmark S&P 500 index (+0.17) and Dow Jones (+0.60%) managed to secure gains. Elsewhere, tech-oriented Nasdaq tumbled 0.81...
In the commodity market, gold is getting closer to record highs as investors are embracing safe-havens amid US stimulus uncertainty and an increasing number of COVID cases. Gold futures have increased by 0.78% to $1,858, hitting the highest level in nine years and approaching the record peak...
Pivot (invalidation): 42.00 Our preference Short positions below 42.00 with targets at 41.35 & 41.05 in extension. Alternative scenario Above 42.00 look for further upside with 42.20 & 42.50 as targets...
Pivot (invalidation): 21.5500 Our preference Long positions above 21.5500 with targets at 23.0000 & 23.6000 in extension. Alternative scenario Below 21.5500 look for further downside with 21.1000 & 20.5400 as targets...
Pivot (invalidation): 1842.00 Our preference Long positions above 1842.00 with targets at 1880.00 & 1890.00 in extension. Alternative scenario Below 1842.00 look for further downside with 1833.00 & 1827.00 as targets...
Pivot (invalidation): 3238.00 Our preference Long positions above 3238.00 with targets at 3277.00 & 3293.00 in extension. Alternative scenario Below 3238.00 look for further downside with 3214.00 & 3198.00 as targets...
Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13045.00 & 12940.00 in extension. Alternative scenario Above 13310.00 look for further upside with 13400.00 & 13460.00 as targets...
Pivot (invalidation): 6.8390 Our preference Short positions below 6.8390 with targets at 6.8160 & 6.8090 in extension. Alternative scenario Above 6.8390 look for further upside with 6.8480 & 6.8590 as targets...