Jiming Huang / Blog
Pivot (invalidation): 1.1315 Our preference Long positions above 1.1315 with targets at 1.1345 & 1.1360 in extension. Alternative scenario Below 1.1315 look for further downside with 1.1300 & 1.1290 as targets...
We always felt Trump tariff on Mexican goods was a bluff. However, coming off unending negative headlines, the move was plausible enough. If the rumor is true in a closed-door meeting over the Republicans threatened to block Trump Mexico widen ranging tariffs...
Pivot (invalidation): 54.10 Our preference Short positions below 54.10 with targets at 53.05 & 52.65 in extension. Alternative scenario Above 54.10 look for further upside with 54.85 & 55.70 as targets...
Pivot (invalidation): 14.7700 Our preference Short positions below 14.7700 with targets at 14.6300 & 14.5500 in extension. Alternative scenario Above 14.7700 look for further upside with 14.8500 & 14.9400 as targets...
Pivot (invalidation): 1331.00 Our preference Short positions below 1331.00 with targets at 1325.00 & 1320.00 in extension. Alternative scenario Above 1331.00 look for further upside with 1337.50 & 1341.50 as targets...
Pivot (invalidation): 2871.60 Our preference Long positions above 2871.60 with targets at 2913.25 & 2935.25 in extension. Alternative scenario Below 2871.60 look for further downside with 2851.50 & 2823.00 as targets...
Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12170.00 & 12210.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11900.00 & 11820.00 as targets...
Pivot (invalidation): 5.8050 Our preference Short positions below 5.8050 with targets at 5.7520 & 5.7280 in extension. Alternative scenario Above 5.8050 look for further upside with 5.8290 & 5.8570 as targets...
Pivot (invalidation): 0.6970 Our preference Short positions below 0.6970 with targets at 0.6950 & 0.6935 in extension. Alternative scenario Above 0.6970 look for further upside with 0.6980 & 0.6990 as targets...