Jiming Huang / Blog
Markets appear muted as the US enjoys its Labor Day extended weekend. Indeed, the implementation of tariffs by both major economies definitely appears to be ignored by financial markets, which are trading in positive territory...
The US is closed today for Labor Day, following last Friday's cautious finish. The key headlines driving markets are that the US imposed a 15% tariff on $110bn of China imports on Sunday with another bunch of $160bn to be unleashed 15th December...
Pivot (invalidation): 55.30 Our preference Short positions below 55.30 with targets at 54.50 & 54.00 in extension. Alternative scenario...
Pivot (invalidation): 18.4700 Our preference Short positions below 18.4700 with targets at 18.1400 & 18.0200 in extension. Alternative scenario...
Pivot (invalidation): 1530.50 Our preference Short positions below 1530.50 with targets at 1517.00 & 1509.00 in extension. Alternative scenario...
Pivot (invalidation): 2940.00 Our preference Short positions below 2940.00 with targets at 2900.00 & 2878.00 in extension. Alternative scenario...
Pivot (invalidation): 11985.00 Our preference Short positions below 11985.00 with targets at 11840.00 & 11760.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8280 Our preference Long positions above 5.8280 with targets at 5.8500 & 5.8590 in extension. Alternative scenario...
Pivot (invalidation): 0.6715 Our preference Long positions above 0.6715 with targets at 0.6740 & 0.6755 in extension. Alternative scenario...