Jiming Huang / Blog
The US economy is in gear: wages rose 3.1% and non-farm-payrolls climbed by 250,000 in Friday’s report, increasing speculation the Fed will hike more than previously thought. 10-year Treasuries are back above 3.25...
Pivot (invalidation): 63.30 Our preference Short positions below 63.30 with targets at 62.25 & 61.75 in extension. Alternative scenario Above 63.30 look for further upside with 63.90 & 64.70 as targets...
Pivot (invalidation): 14.7800 Our preference Short positions below 14.7800 with targets at 14.6200 & 14.5500 in extension. Alternative scenario Above 14.7800 look for further upside with 14.8500 & 14.9100 as targets...
Pivot (invalidation): 1230.50 Our preference Long positions above 1230.50 with targets at 1235.00 & 1237.50 in extension. Alternative scenario Below 1230.50 look for further downside with 1228.00 & 1224.00 as targets...
Pivot (invalidation): 2736.00 Our preference Short positions below 2736.00 with targets at 2686.00 & 2650.00 in extension. Alternative scenario Above 2736.00 look for further upside with 2757.00 & 2787.00 as targets...
Pivot (invalidation): 11468.00 Our preference Long positions above 11468.00 with targets at 11693.00 & 11770.00 in extension. Alternative scenario Below 11468.00 look for further downside with 11385.00 & 11288.00 as targets...
Pivot (invalidation): 5.4160 Our preference Long positions above 5.4160 with targets at 5.4760 & 5.5070 in extension. Alternative scenario Below 5.4160 look for further downside with 5.3875 & 5.3535 as targets...
Pivot (invalidation): 0.7210 Our preference Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension. Alternative scenario Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets...
Pivot (invalidation): 1.3090 Our preference Long positions above 1.3090 with targets at 1.3120 & 1.3140 in extension. Alternative scenario Below 1.3090 look for further downside with 1.3065 & 1.3045 as targets...