Jiming Huang / Blog
Pivot (invalidation): 5.6760 Our preference Long positions above 5.6760 with targets at 5.7000 & 5.7150 in extension. Alternative scenario...
Pivot (invalidation): 0.6825 Our preference Short positions below 0.6825 with targets at 0.6800 & 0.6780 in extension. Alternative scenario...
Pivot (invalidation): 1.3215 Our preference Long positions above 1.3215 with targets at 1.3245 & 1.3260 in extension. Alternative scenario...
Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9880 & 0.9900 in extension. Alternative scenario...
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.20 & 107.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2290 Our preference Long positions above 1.2290 with targets at 1.2355 & 1.2400 in extension. Alternative scenario...
Pivot (invalidation): 1.1050 Our preference Short positions below 1.1050 with targets at 1.1020 & 1.1005 in extension. Alternative scenario...
Forecasting Brexit has gone from hard to impossible. The fluid, politically charged situation means probability scenario changes with the news cycle. Time like this we would just like some popcorn to watch the action from the sidelines...
The politicization of the Fed is nothing new. But has taken a worry turn under Trump policy via tweet. The divergence growth outlook leave plenty of room for interpretation...