Jiming Huang / Blog
Stock markets are on the ‘wall of worry’ over various events. After initial excitement that US and Chinese representatives talked trade for three days, the lack of apparent progress and the silence from the participants are pushing investors towards caution. Has a truce been reached...
Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 52.55 & 53.80 in extension. Alternative scenario Below 51.10 look for further downside with 50.20 & 49.50 as targets...
Pivot (invalidation): 15.6600 Our preference Long positions above 15.6600 with targets at 15.8100 & 15.8700 in extension. Alternative scenario Below 15.6600 look for further downside with 15.5500 & 15.4800 as targets...
Pivot (invalidation): 1291.00 Our preference Long positions above 1291.00 with targets at 1298.50 & 1304.00 in extension. Alternative scenario Below 1291.00 look for further downside with 1287.00 & 1283.75 as targets...
Pivot (invalidation): 2545.00 Our preference Long positions above 2545.00 with targets at 2605.00 & 2636.00 in extension. Alternative scenario Below 2545.00 look for further downside with 2520.00 & 2473.00 as targets...
Pivot (invalidation): 10800.00 Our preference Long positions above 10800.00 with targets at 10960.00 & 11030.00 in extension. Alternative scenario Below 10800.00 look for further downside with 10747.00 & 10680.00 as targets...
Pivot (invalidation): 5.4620 Our preference Long positions above 5.4620 with targets at 5.5080 & 5.5450 in extension. Alternative scenario Below 5.4620 look for further downside with 5.4370 & 5.3970 as targets...
Pivot (invalidation): 0.7150 Our preference Long positions above 0.7150 with targets at 0.7195 & 0.7230 in extension. Alternative scenario Below 0.7150 look for further downside with 0.7110 & 0.7080 as targets...
Pivot (invalidation): 1.3245 Our preference Short positions below 1.3245 with targets at 1.3195 & 1.3175 in extension. Alternative scenario Above 1.3245 look for further upside with 1.3270 & 1.3310 as targets...