Jiming Huang / Blog
Coming up to the USA’s federal government shutdown, the American economy was in acceleration mode. Although new data are scant, it appears shutdown will have more negative effect than originally forecast. Traders should be prepared for disappointment...
Pivot (invalidation): 52.85 Our preference Long positions above 52.85 with targets at 53.90 & 54.75 in extension. Alternative scenario Below 52.85 look for further downside with 52.45 & 52.05 as targets...
Pivot (invalidation): 15.3700 Our preference Short positions below 15.3700 with targets at 15.2700 & 15.2100 in extension. Alternative scenario Above 15.3700 look for further upside with 15.4400 & 15.4800 as targets...
Pivot (invalidation): 1284.00 Our preference Short positions below 1284.00 with targets at 1280.00 & 1278.00 in extension. Alternative scenario Above 1284.00 look for further upside with 1286.50 & 1290.00 as targets...
Pivot (invalidation): 2636.00 Our preference Long positions above 2636.00 with targets at 2685.00 & 2710.00 in extension. Alternative scenario Below 2636.00 look for further downside with 2623.50 & 2596.00 as targets...
Pivot (invalidation): 11090.00 Our preference Long positions above 11090.00 with targets at 11305.00 & 11350.00 in extension. Alternative scenario Below 11090.00 look for further downside with 10990.00 & 10910.00 as targets...
Pivot (invalidation): 5.3440 Our preference Short positions below 5.3440 with targets at 5.3145 & 5.2960 in extension. Alternative scenario Above 5.3440 look for further upside with 5.3615 & 5.3880 as targets...
Pivot (invalidation): 0.7180 Our preference Short positions below 0.7180 with targets at 0.7145 & 0.7130 in extension. Alternative scenario Above 0.7180 look for further upside with 0.7195 & 0.7205 as targets...
Pivot (invalidation): 1.3250 Our preference Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension. Alternative scenario Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets...