Jiming Huang / Blog
Pivot (invalidation): 1.3595 Our preference Short positions below 1.3595 with targets at 1.3550 & 1.3530 in extension. Alternative scenario Above 1.3595 look for further upside with 1.3615 & 1.3640 as targets...
Pivot (invalidation): 0.9485 Our preference Short positions below 0.9485 with targets at 0.9460 & 0.9445 in extension. Alternative scenario Above 0.9485 look for further upside with 0.9500 & 0.9515 as targets...
Pivot (invalidation): 107.95 Our preference Short positions below 107.95 with targets at 107.50 & 107.30 in extension. Alternative scenario Above 107.95 look for further upside with 108.15 & 108.40 as targets...
Pivot (invalidation): 1.2355 Our preference Long positions above 1.2355 with targets at 1.2405 & 1.2435 in extension. Alternative scenario Below 1.2355 look for further downside with 1.2325 & 1.2285 as targets...
Pivot (invalidation): 1.1250 Our preference Short positions below 1.1250 with targets at 1.1220 & 1.1200 in extension. Alternative scenario Above 1.1250 look for further upside with 1.1265 & 1.1275 as targets...
In this respect, the Chinese manufacturing and services PMI expanded quicker than expectations in June according to the official data...
A robust 44% rebound in US pending home sales has been the major driver of gains in US equities on Monday. The data wiped out the Covid-19 concerns, pushing the Dow 2.32% up. The S&P500 gained 1.47% as Nasdaq ended the session 1.20% higher...
Pivot (invalidation): 38.80 Our preference Long positions above 38.80 with targets at 39.90 & 40.50 in extension. Alternative scenario Below 38.80 look for further downside with 38.20 & 37.60 as targets...
Pivot (invalidation): 17.7500 Our preference Long positions above 17.7500 with targets at 17.9700 & 18.0700 in extension. Alternative scenario Below 17.7500 look for further downside with 17.6700 & 17.5500 as targets...