Jiming Huang / Blog
Pivot (invalidation): 0.9700 Our preference Long positions above 0.9700 with targets at 0.9730 & 0.9745 in extension. Alternative scenario...
Pivot (invalidation): 108.75 Our preference Long positions above 108.75 with targets at 109.10 & 109.25 in extension. Alternative scenario...
Pivot (invalidation): 1.2365 Our preference Long positions above 1.2365 with targets at 1.2420 & 1.2440 in extension. Alternative scenario...
Pivot (invalidation): 1.0880 Our preference Short positions below 1.0880 with targets at 1.0845 & 1.0825 in extension. Alternative scenario...
One major risk to the market calm this week is Thursday’s virtual meeting between Saudi and Russia...
The US indices rallied past 3% before reversing gains on Tuesday, and closed the session a touch below zero. The US treasury yields were offered, the US 10-year yield rebounded to 0.73% and the dollar softened...
Pivot (invalidation): 25.30 Our preference Short positions below 25.30 with targets at 23.95 & 23.55 in extension. Alternative scenario...
Pivot (invalidation): 15.1600 Our preference Short positions below 15.1600 with targets at 14.7700 & 14.6200 in extension. Alternative scenario...
Pivot (invalidation): 1662.00 Our preference Short positions below 1662.00 with targets at 1636.00 & 1624.00 in extension. Alternative scenario...