Jiming Huang / Blog
Pivot (invalidation): 0.5825 Our preference Short positions below 0.5825 with targets at 0.5695 & 0.5660 in extension. Alternative scenario...
Pivot (invalidation): 1.4350 Our preference Long positions above 1.4350 with targets at 1.4490 & 1.4535 in extension. Alternative scenario...
Pivot (invalidation): 0.9870 Our preference Short positions below 0.9870 with targets at 0.9800 & 0.9740 in extension...
Pivot (invalidation): 111.25 Our preference Short positions below 111.25 with targets at 109.50 & 108.80 in extension. Alternative scenario...
Pivot (invalidation): 1.1550 Our preference Long positions above 1.1550 with targets at 1.1720 & 1.1795 in extension. Alternative scenario...
Pivot (invalidation): 1.0650 Our preference Long positions above 1.0650 with targets at 1.0780 & 1.0830 in extension. Alternative scenario...
We expect more international companies to announce their contingency plans as we have a better understanding on how the situation evolves, even though the situation develops rapidly, and toward the wrong direction across other continents...
The S&P500 advanced 0.47%, the Dow added 0.95%, as Nasdaq surged 2.30% in New York, as the Trump administration proposed more fiscal help including tax rebates up to $1200 per person, but more importantly, emphasized that more help is on the way...
Pivot (invalidation): 25.30 Our preference Long positions above 25.30 with targets at 28.30 & 29.70 in extension. Alternative scenario...