Jiming Huang / Blog
Pivot (invalidation): 1.1765 Our preference Short positions below 1.1765 with targets at 1.1730 & 1.1720 in extension. Alternative scenario Above 1.1765 look for further upside with 1.1780 & 1.1800 as targets...
Wall Street took a pause on Tuesday after four straight bullish sessions. Investors are worried that J&J’s vaccine trial halt would delay the introduction of a coronavirus vaccine. Meanwhile, negotiations over further stimulus went in sleep mode...
In the commodity market, oil prices came back to their bearish stance after rebounding in early trading on Tuesday. Investors are worried that the rising COVID cases across the European continent and the US would affect economic growth and damage oil demand...
Pivot (invalidation): 39.85 Our preference Long positions above 39.85 with targets at 40.50 & 40.85 in extension. Alternative scenario Below 39.85 look for further downside with 39.45 & 39.05 as targets...
Pivot (invalidation): 23.8500 Our preference Long positions above 23.8500 with targets at 24.4000 & 24.5800 in extension. Alternative scenario Below 23.8500 look for further downside with 23.6300 & 23.3700 as targets...
Pivot (invalidation): 1884.00 Our preference Long positions above 1884.00 with targets at 1902.00 & 1910.00 in extension. Alternative scenario Below 1884.00 look for further downside with 1873.00 & 1864.00 as targets...
Pivot (invalidation): 3500.00 Our preference Long positions above 3500.00 with targets at 3550.00 & 3571.00 in extension. Alternative scenario Below 3500.00 look for further downside with 3475.00 & 3445.00 as targets...
Pivot (invalidation): 13100.00 Our preference Short positions below 13100.00 with targets at 12930.00 & 12805.00 in extension. Alternative scenario Above 13100.00 look for further upside with 13180.00 & 13270.00 as targets...
Pivot (invalidation): 7.9050 Our preference Long positions above 7.9050 with targets at 7.9350 & 7.9550 in extension. Alternative scenario Below 7.9050 look for further downside with 7.8880 & 7.8680 as targets...