Jiming Huang / Blog
Pivot (invalidation): 1.1235 Our preference Long positions above 1.1235 with targets at 1.1275 & 1.1290 in extension. Alternative scenario Below 1.1235 look for further downside with 1.1215 & 1.1200 as targets...
Activity in European futures hint at a flat open on Wednesday, as investors look for strong PMI prints, ideally above the 50-expansion mark for June...
The US indices extended their advance, as investors chose to concentrate on improving and mostly better than expected economic data rather than the alarming rise in Covid-19 cases in the US and warnings that the situation may be getting out of control...
Pivot (invalidation): 38.85 Our preference Long positions above 38.85 with targets at 40.10 & 40.90 in extension. Alternative scenario Below 38.85 look for further downside with 38.20 & 37.60 as targets...
Pivot (invalidation): 18.0700 Our preference Long positions above 18.0700 with targets at 18.3200 & 18.5000 in extension. Alternative scenario Below 18.0700 look for further downside with 17.9000 & 17.7600 as targets...
Pivot (invalidation): 1772.00 Our preference Long positions above 1772.00 with targets at 1793.00 & 1800.00 in extension. Alternative scenario Below 1772.00 look for further downside with 1764.00 & 1758.00 as targets...
Pivot (invalidation): 3068.00 Our preference Long positions above 3068.00 with targets at 3126.00 & 3156.00 in extension. Alternative scenario Below 3068.00 look for further downside with 3032.00 & 3000.00 as targets...
Pivot (invalidation): 12350.00 Our preference Short positions below 12350.00 with targets at 12090.00 & 12020.00 in extension. Alternative scenario Above 12350.00 look for further upside with 12450.00 & 12520.00 as targets...
Pivot (invalidation): 6.8590 Our preference Short positions below 6.8590 with targets at 6.8350 & 6.8250 in extension. Alternative scenario Above 6.8590 look for further upside with 6.8720 & 6.8840 as targets...