Jiming Huang / Blog
According to a top German research institute, the German economy may slow by a record 9.8% in the second quarter and Europe’s growth engine could print a 4.2% contraction this year...
Equities in the New York gained another 3% on Wednesday with the Federal Reserve (Fed) meeting minutes showing that the bank is ready for a ‘forceful response’ amid ‘all participants viewed the near-term US economic outlook as having deteriorated sharply in recent weeks and having become profound...
Pivot (invalidation): 24.95 Our preference Long positions above 24.95 with targets at 26.60 & 27.20 in extension. Alternative scenario...
Pivot (invalidation): 14.9200 Our preference Long positions above 14.9200 with targets at 15.2500 & 15.3800 in extension. Alternative scenario...
Pivot (invalidation): 1658.00 Our preference Short positions below 1658.00 with targets at 1636.00 & 1624.00 in extension. Alternative scenario...
Pivot (invalidation): 2643.00 Our preference Long positions above 2643.00 with targets at 2836.00 & 2900.00 in extension. Alternative scenario...
Pivot (invalidation): 10200.00 Our preference Long positions above 10200.00 with targets at 10500.00 & 10600.00 in extension. Alternative scenario...
Pivot (invalidation): 6.7610 Our preference Long positions above 6.7610 with targets at 6.7910 & 6.8150 in extension. Alternative scenario...
Pivot (invalidation): 0.6205 Our preference Long positions above 0.6205 with targets at 0.6250 & 0.6275 in extension. Alternative scenario...