Jiming Huang / Blog
Pivot (invalidation): 0.6490 Our preference Long positions above 0.6490 with targets at 0.6540 & 0.6565 in extension. Alternative scenario...
Pivot (invalidation): 1.3390 Our preference Short positions below 1.3390 with targets at 1.3315 & 1.3275 in extension. Alternative scenario...
Pivot (invalidation): 0.9665 Our preference Short positions below 0.9665 with targets at 0.9615 & 0.9595 in extension. Alternative scenario...
Pivot (invalidation): 107.50 Our preference Long positions above 107.50 with targets at 108.80 & 109.30 in extension. Alternative scenario...
Pivot (invalidation): 1.2790 Our preference Long positions above 1.2790 with targets at 1.2865 & 1.2890 in extension. Alternative scenario...
Pivot (invalidation): 1.1010 Our preference Long positions above 1.1010 with targets at 1.1095 & 1.1125 in extension. Alternative scenario...
The US dollar index extended losses despite encouraging sales data. US durable goods orders fell 0.2% in January, less than 1.5% penciled in by analysts, as the fourth quarter GDP growth came in unchanged at 2.1%, as expected...
Then all hell broke loose. After equities in London and Frankfurt slid past 3%, Wall Street crashed 4.42% and Nasdaq plummeted 4.61%. WTI crude tanked to $45 a barrel, as Brent hit $50. US futures extended losses in the overnight trading session. Chinese stocks slid 3.71%, Hang Seng fell 2...
Pivot (invalidation): 47.00 Our preference Short positions below 47.00 with targets at 45.00 & 44.40 in extension. Alternative scenario...