Jiming Huang / Blog
Wall Street is set to open the week lower judging by the futures on the three benchmark indexes in early trading on Monday. This is the last trading week ahead of the election, and investors may take profits and turn to the wait-and-see mode...
Pivot (invalidation): 39.70 Our preference Short positions below 39.70 with targets at 38.85 & 38.40 in extension. Alternative scenario Above 39.70 look for further upside with 40.05 & 40.30 as targets...
Pivot (invalidation): 24.5500 Our preference Short positions below 24.5500 with targets at 24.1600 & 23.9100 in extension. Alternative scenario Above 24.5500 look for further upside with 24.7400 & 24.8500 as targets...
Pivot (invalidation): 1906.00 Our preference Short positions below 1906.00 with targets at 1891.00 & 1882.00 in extension. Alternative scenario Above 1906.00 look for further upside with 1914.00 & 1920.00 as targets...
Pivot (invalidation): 3440.00 Our preference Long positions above 3440.00 with targets at 3480.00 & 3515.00 in extension. Alternative scenario Below 3440.00 look for further downside with 3415.00 & 3370.00 as targets...
Pivot (invalidation): 12460.00 Our preference Long positions above 12460.00 with targets at 12730.00 & 12860.00 in extension. Alternative scenario Below 12460.00 look for further downside with 12341.00 & 12254.00 as targets...
Pivot (invalidation): 7.9470 Our preference Long positions above 7.9470 with targets at 8.0000 & 8.0200 in extension. Alternative scenario Below 7.9470 look for further downside with 7.9250 & 7.9080 as targets...
Pivot (invalidation): 0.7140 Our preference Short positions below 0.7140 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7140 look for further upside with 0.7155 & 0.7170 as targets...
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3175 & 1.3200 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3080 as targets...