Jiming Huang / Blog
Pivot (invalidation): 1.1685 Our preference Short positions below 1.1685 with targets at 1.1645 & 1.1620 in extension. Alternative scenario Above 1.1685 look for further upside with 1.1720 & 1.1750 as targets...
In the commodity market, all prices are flashing red. Oil prices are declining, as the American Petroleum Institute (API) reported that gasoline stocks in the US dropped by about 7.7 million barrels, which is eight times lower than the expected figure...
Wall Street bounced back on Tuesday, after four consecutive bearish sessions. The bulls pushed equities higher despite the delay in new stimulus to be adopted by Congress and a rapid increase in the number of COVID cases. The rebound was driven by tech stocks, with Amazon surging over 5...
Pivot (invalidation): 40.00 Our preference Short positions below 40.00 with targets at 38.85 & 38.50 in extension. Alternative scenario Above 40.00 look for further upside with 40.25 & 40.55 as targets...
Pivot (invalidation): 24.5000 Our preference Short positions below 24.5000 with targets at 23.6500 & 23.2500 in extension. Alternative scenario Above 24.5000 look for further upside with 24.7500 & 25.0000 as targets...
Pivot (invalidation): 1910.00 Our preference Short positions below 1910.00 with targets at 1882.00 & 1872.00 in extension. Alternative scenario Above 1910.00 look for further upside with 1920.00 & 1927.00 as targets...
Pivot (invalidation): 3270.00 Our preference Long positions above 3270.00 with targets at 3328.00 & 3375.00 in extension. Alternative scenario Below 3270.00 look for further downside with 3228.00 & 3175.00 as targets...
Pivot (invalidation): 12415.00 Our preference Long positions above 12415.00 with targets at 12730.00 & 12850.00 in extension. Alternative scenario Below 12415.00 look for further downside with 12300.00 & 12210.00 as targets...
Pivot (invalidation): 7.6390 Our preference Long positions above 7.6390 with targets at 7.6800 & 7.6990 in extension. Alternative scenario Below 7.6390 look for further downside with 7.6140 & 7.5900 as targets...