Jiming Huang / Blog

Pivot (invalidation): 1.1105 Our preference Short positions below 1.1105 with targets at 1.1065 & 1.1050 in extension. Alternative scenario...

Things are a little confusing as financial markets are turning in differing directions...

After a solid start into the week, equity markets took a quick dive yesterday as tensions keep mountint ahead of Jerome Powell speech on Friday at the Jackson Hole Symposium. On Tuesday, E-mini S&P500 futures tumbled on the 2,932 resistance level (previous highs and Fibonacci 61...

Pivot (invalidation): 55.50 Our preference Long positions above 55.50 with targets at 56.55 & 57.30 in extension. Alternative scenario...

Pivot (invalidation): 1503.00 Our preference Short positions below 1503.00 with targets at 1492.00 & 1485.00 in extension. Alternative scenario...

Pivot (invalidation): 17.0000 Our preference Short positions below 17.0000 with targets at 16.7700 & 16.6600 in extension. Alternative scenario...

Pivot (invalidation): 2890.00 Our preference Long positions above 2890.00 with targets at 2942.00 & 2980.00 in extension. Alternative scenario...

Pivot (invalidation): 11530.00 Our preference Long positions above 11530.00 with targets at 11840.00 & 11930.00 in extension. Alternative scenario...

Pivot (invalidation): 5.6240 Our preference Long positions above 5.6240 with targets at 5.6690 & 5.6970 in extension. Alternative scenario...

Pivot (invalidation): 0.6765 Our preference Long positions above 0.6765 with targets at 0.6795 & 0.6805 in extension. Alternative scenario...