Jiming Huang / Blog
Pivot (invalidation): 0.6930 Our preference Long positions above 0.6930 with targets at 0.7000 & 0.7035 in extension. Alternative scenario Below 0.6930 look for further downside with 0.6900 & 0.6880 as targets...
Pivot (invalidation): 1.3425 Our preference Short positions below 1.3425 with targets at 1.3365 & 1.3350 in extension. Alternative scenario Above 1.3425 look for further upside with 1.3455 & 1.3485 as targets...
Pivot (invalidation): 0.9530 Our preference Short positions below 0.9530 with targets at 0.9490 & 0.9475 in extension. Alternative scenario Above 0.9530 look for further upside with 0.9560 & 0.9585 as targets...
Pivot (invalidation): 108.00 Our preference Short positions below 108.00 with targets at 107.40 & 107.05 in extension. Alternative scenario Above 108.00 look for further upside with 108.25 & 108.55 as targets...
Pivot (invalidation): 1.2700 Our preference Long positions above 1.2700 with targets at 1.2770 & 1.2800 in extension. Alternative scenario Below 1.2700 look for further downside with 1.2660 & 1.2630 as targets...
Pivot (invalidation): 1.1315 Our preference Long positions above 1.1315 with targets at 1.1365 & 1.1385 in extension. Alternative scenario Below 1.1315 look for further downside with 1.1260 & 1.1255 as targets...
The US dollar remains weak, but the capital outflows appear to be losing some pace as investors question whether it is time for a downside correction in equities. The US 10-year yield remain capped below 0.90...
US equities extended rally yesterday. The S&P500 (+1.20%) rose to a fifteen-week high, reversing most of post-Covid sell-off. Despite real damage to businesses and economy, the US stocks are set to continue their pre-Covid race to fresh historical highs...
Pivot (invalidation): 39.30 Our preference Short positions below 39.30 with targets at 37.95 & 37.05 in extension. Alternative scenario Above 39.30 look for further upside with 40.00 & 40.45 as targets...