Jiming Huang / Blog
Wall Street futures recover slightly at the start of the European session on Monday, after experiencing the biggest weekly loss since March. Still, the volatility is high, and the American benchmark indexes can continue their downtrend by the end of the US session...
Pivot (invalidation): 35.25 Our preference Short positions below 35.25 with targets at 33.65 & 33.05 in extension. Alternative scenario Above 35.25 look for further upside with 35.90 & 36.60 as targets...
Pivot (invalidation): 23.5100 Our preference Long positions above 23.5100 with targets at 24.2000 & 24.5700 in extension. Alternative scenario Below 23.5100 look for further downside with 23.3700 & 23.1600 as targets...
Pivot (invalidation): 1873.00 Our preference Long positions above 1873.00 with targets at 1890.00 & 1898.00 in extension. Alternative scenario Below 1873.00 look for further downside with 1864.00 & 1859.00 as targets...
Pivot (invalidation): 3306.00 Our preference Short positions below 3306.00 with targets at 3233.00 & 3210.00 in extension. Alternative scenario Above 3306.00 look for further upside with 3367.00 & 3425.00 as targets...
Pivot (invalidation): 11700.00 Our preference Short positions below 11700.00 with targets at 11450.00 & 11170.00 in extension. Alternative scenario Above 11700.00 look for further upside with 11850.00 & 12070.00 as targets...
Pivot (invalidation): 8.3270 Our preference Long positions above 8.3270 with targets at 8.4000 & 8.4470 in extension. Alternative scenario Below 8.3270 look for further downside with 8.2700 & 8.2190 as targets...
Pivot (invalidation): 0.7035 Our preference Short positions below 0.7035 with targets at 0.6995 & 0.6975 in extension. Alternative scenario Above 0.7035 look for further upside with 0.7055 & 0.7070 as targets...
Pivot (invalidation): 1.3310 Our preference Long positions above 1.3310 with targets at 1.3370 & 1.3390 in extension. Alternative scenario Below 1.3310 look for further downside with 1.3275 & 1.3250 as targets...