Jiming Huang / Profile

After rallying to a monthly high on Tuesday, equity markets consolidated on Wednesday. Front month futures on the S&P 500 stabilised above the 2,880 points, down 0.23% on the session, while in the Europe EuroSTOXX 50 futures edged down 0.29% to 3,391 points...

Demonstrations in Hong Kong over the extradition bill might be overshadowed by activity in the local FX market. Hong Kong dollar has risen to its strongest level against the USD in today trading at HIBOR has surged...

Pivot (invalidation): 53.05 Our preference Short positions below 53.05 with targets at 51.80 & 51.30 in extension. Alternative scenario Above 53.05 look for further upside with 53.60 & 53.90 as targets...

Pivot (invalidation): 14.7100 Our preference Long positions above 14.7100 with targets at 14.8500 & 14.9400 in extension. Alternative scenario Below 14.7100 look for further downside with 14.6300 & 14.5500 as targets...

Pivot (invalidation): 1326.50 Our preference Long positions above 1326.50 with targets at 1337.50 & 1341.50 in extension. Alternative scenario Below 1326.50 look for further downside with 1323.00 & 1320.00 as targets...

Pivot (invalidation): 2902.50 Our preference Short positions below 2902.50 with targets at 2871.60 & 2851.50 in extension. Alternative scenario Above 2902.50 look for further upside with 2913.25 & 2935.25 as targets...

Pivot (invalidation): 12090.00 Our preference Long positions above 12090.00 with targets at 12230.00 & 12280.00 in extension. Alternative scenario Below 12090.00 look for further downside with 12030.00 & 11980.00 as targets...

Pivot (invalidation): 5.7830 Our preference Long positions above 5.7830 with targets at 5.8290 & 5.8570 in extension. Alternative scenario Below 5.7830 look for further downside with 5.7500 & 5.7280 as targets...

Pivot (invalidation): 0.6965 Our preference Short positions below 0.6965 with targets at 0.6935 & 0.6925 in extension. Alternative scenario Above 0.6965 look for further upside with 0.6975 & 0.6990 as targets...

Pivot (invalidation): 1.3265 Our preference Long positions above 1.3265 with targets at 1.3310 & 1.3340 in extension. Alternative scenario Below 1.3265 look for further downside with 1.3245 & 1.3230 as targets...

Pivot (invalidation): 0.9905 Our preference Long positions above 0.9905 with targets at 0.9935 & 0.9950 in extension. Alternative scenario Below 0.9905 look for further downside with 0.9885 & 0.9870 as targets...

Pivot (invalidation): 108.60 Our preference Short positions below 108.60 with targets at 108.35 & 108.15 in extension. Alternative scenario Above 108.60 look for further upside with 108.80 & 109.00 as targets...

Pivot (invalidation): 1.2705 Our preference Long positions above 1.2705 with targets at 1.2735 & 1.2760 in extension. Alternative scenario Below 1.2705 look for further downside with 1.2690 & 1.2670 as targets...

Pivot (invalidation): 1.1315 Our preference Long positions above 1.1315 with targets at 1.1345 & 1.1360 in extension. Alternative scenario Below 1.1315 look for further downside with 1.1300 & 1.1290 as targets...

We always felt Trump tariff on Mexican goods was a bluff. However, coming off unending negative headlines, the move was plausible enough. If the rumor is true in a closed-door meeting over the Republicans threatened to block Trump Mexico widen ranging tariffs...

Pivot (invalidation): 54.10 Our preference Short positions below 54.10 with targets at 53.05 & 52.65 in extension. Alternative scenario Above 54.10 look for further upside with 54.85 & 55.70 as targets...

Pivot (invalidation): 14.7700 Our preference Short positions below 14.7700 with targets at 14.6300 & 14.5500 in extension. Alternative scenario Above 14.7700 look for further upside with 14.8500 & 14.9400 as targets...

Pivot (invalidation): 1331.00 Our preference Short positions below 1331.00 with targets at 1325.00 & 1320.00 in extension. Alternative scenario Above 1331.00 look for further upside with 1337.50 & 1341.50 as targets...

Pivot (invalidation): 2871.60 Our preference Long positions above 2871.60 with targets at 2913.25 & 2935.25 in extension. Alternative scenario Below 2871.60 look for further downside with 2851.50 & 2823.00 as targets...

Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12170.00 & 12210.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11900.00 & 11820.00 as targets...