Jiming Huang / Blog
Pivot (invalidation): 107.80 Our preference Long positions above 107.80 with targets at 108.25 & 108.45 in extension. Alternative scenario Below 107.80 look for further downside with 107.55 & 107.35 as targets...
Pivot (invalidation): 1.2550 Our preference Long positions above 1.2550 with targets at 1.2590 & 1.2615 in extension. Alternative scenario Below 1.2550 look for further downside with 1.2520 & 1.2490 as targets...
Pivot (invalidation): 1.1255 Our preference Long positions above 1.1255 with targets at 1.1285 & 1.1305 in extension. Alternative scenario Below 1.1255 look for further downside with 1.1240 & 1.1225 as targets...
Driven by expectations for rate cuts following dovish testimony to Congress from Federal Reserve Chair Jay Powell, the S&P 500 is at a record high...
The US dollar fell for a third straight day on Friday. The effects of Fed Chair Powell testimony before the Congress on Wednesday continued to be felt. Amongst the G10 complex, the buck felt the most against commodity currencies such as the Aussie (-0.36%), the Kiwi (-0.35%) and the Loonie (-0...
.Pivot (invalidation): 60.15 Our preference Long positions above 60.15 with targets at 60.90 & 61.60 in extension. Alternative scenario Below 60.15 look for further downside with 59.65 & 59.10 as targets...
Pivot (invalidation): 15.1800 Our preference Short positions below 15.1800 with targets at 15.0700 & 14.9800 in extension. Alternative scenario Above 15.1800 look for further upside with 15.2400 & 15.3100 as targets...
Pivot (invalidation): 1412.00 Our preference Short positions below 1412.00 with targets at 1403.50 & 1400.50 in extension. Alternative scenario Above 1412.00 look for further upside with 1419.00 & 1424.00 as targets...