Jiming Huang / Blog
Pivot (invalidation): 0.9600 Our preference Long positions above 0.9600 with targets at 0.9630 & 0.9650 in extension. Alternative scenario Below 0.9600 look for further downside with 0.9580 & 0.9560 as targets...
Pivot (invalidation): 109.75 Our preference Short positions below 109.75 with targets at 109.15 & 108.85 in extension. Alternative scenario Above 109.75 look for further upside with 110.00 & 110.20 as targets...
Pivot (invalidation): 1.2675 Our preference Long positions above 1.2675 with targets at 1.2735 & 1.2765 in extension. Alternative scenario Below 1.2675 look for further downside with 1.2645 & 1.2615 as targets...
Pivot (invalidation): 1.1270 Our preference Long positions above 1.1270 with targets at 1.1320 & 1.1340 in extension. Alternative scenario Below 1.1270 look for further downside with 1.1230 & 1.1195 as targets...
In Europe, however, more monetary stimulus gave a decent boost to the single currency. Though the worse-than-expected slump in German factory orders triggered a soft kneejerk sell-off this morning...
There is finally some questioning among investors that the latest equity rally may have gone too far and a part of gains may be unfounded due to weak economic data, rising political unrest in US and Hong Kong and tenser trade relations between the US and China...
Pivot (invalidation): 36.50 Our preference Long positions above 36.50 with targets at 38.15 & 38.75 in extension. Alternative scenario Below 36.50 look for further downside with 35.90 & 35.55 as targets...
Pivot (invalidation): 17.5300 Our preference Long positions above 17.5300 with targets at 17.8500 & 17.9900 in extension. Alternative scenario Below 17.5300 look for further downside with 17.4400 & 17.3400 as targets...
Pivot (invalidation): 1705.00 Our preference Long positions above 1705.00 with targets at 1722.00 & 1732.00 in extension. Alternative scenario Below 1705.00 look for further downside with 1696.00 & 1687.00 as targets...