Jiming Huang / Blog
Sentiment is weak today, as investors wait on sales forecasts for 2019. Attention will be on European Central Bank President Mario Draghi’s speech before the European Parliament. Following last week’s ECB meeting, Draghi will likely not provide new information...
It’s such a mess that even the apolitical Queen Elisabeth has weighed in, asking her kingdom to “seek out common ground and grasp the big picture.” A second Withdrawal Agreement (i.e. Brexit), not fundamentally different to the first, will be proposed on Tuesday...
Pivot (invalidation): 53.80 Our preference Short positions below 53.80 with targets at 52.90 & 52.55 in extension. Alternative scenario Above 53.80 look for further upside with 54.15 & 54.50 as targets...
Pivot (invalidation): 15.6900 Our preference Long positions above 15.6900 with targets at 15.8700 & 15.9800 in extension. Alternative scenario Below 15.6900 look for further downside with 15.6200 & 15.5500 as targets...
Pivot (invalidation): 1299.00 Our preference Long positions above 1299.00 with targets at 1304.00 & 1307.00 in extension. Alternative scenario Below 1299.00 look for further downside with 1296.50 & 1293.50 as targets...
Pivot (invalidation): 2642.75 Our preference Long positions above 2642.75 with targets at 2676.00 & 2695.00 in extension. Alternative scenario Below 2642.75 look for further downside with 2626.50 & 2613.00 as targets...
Pivot (invalidation): 11170.00 Our preference Long positions above 11170.00 with targets at 11390.00 & 11460.00 in extension. Alternative scenario Below 11170.00 look for further downside with 11120.00 & 11060.00 as targets...
Pivot (invalidation): 5.2770 Our preference Short positions below 5.2770 with targets at 5.2420 & 5.2200 in extension. Alternative scenario Above 5.2770 look for further upside with 5.2940 & 5.3150 as targets...
Pivot (invalidation): 0.7180 Our preference Long positions above 0.7180 with targets at 0.7215 & 0.7235 in extension. Alternative scenario Below 0.7180 look for further downside with 0.7165 & 0.7150 as targets...