Jiming Huang / Blog
Q4 should see a US slowdown: we suspect China retaliations will erode US growth. This means the tightening cycle is pretty much priced in: 80% probability of a December hike and another 0.8% of tightening over the next 12 months...
Pivot (invalidation): 70.70 Our preference Long positions above 70.70 with targets at 72.25 & 72.80 in extension. Alternative scenario Below 70.70 look for further downside with 70.00 & 69.20 as targets...
Pivot (invalidation): 14.2500 Our preference Short positions below 14.2500 with targets at 14.1300 & 14.0700 in extension. Alternative scenario Above 14.2500 look for further upside with 14.3500 & 14.4300 as targets...
Pivot (invalidation): 1200.00 Our preference Short positions below 1200.00 with targets at 1192.50 & 1190.00 in extension. Alternative scenario Above 1200.00 look for further upside with 1203.00 & 1206.00 as targets...
Pivot (invalidation): 2919.50 Our preference Long positions above 2919.50 with targets at 2942.00 & 2950.50 in extension. Alternative scenario Below 2919.50 look for further downside with 2910.00 & 2900.00 as targets...
Pivot (invalidation): 12375.00 Our preference Long positions above 12375.00 with targets at 12460.00 & 12530.00 in extension. Alternative scenario Below 12375.00 look for further downside with 12325.00 & 12260.00 as targets...
Pivot (invalidation): 6.2590 Our preference Long positions above 6.2590 with targets at 6.3290 & 6.3780 in extension. Alternative scenario Below 6.2590 look for further downside with 6.2070 & 6.1780 as targets...
Pivot (invalidation): 0.7290 Our preference Short positions below 0.7290 with targets at 0.7250 & 0.7235 in extension. Alternative scenario Above 0.7290 look for further upside with 0.7305 & 0.7325 as targets...
Pivot (invalidation): 1.2905 Our preference Long positions above 1.2905 with targets at 1.2955 & 1.2980 in extension. Alternative scenario Below 1.2905 look for further downside with 1.2880 & 1.2860 as targets...