Jiming Huang / Perfil

US equities eye recovery after a disastrous week. At the time of writing, the futures on all three benchmark indexes have gained over 1%, pointing to a positive open of the week. Nasdaq might lead today’s rally, as its futures have increased by 1.42%. Last week, the S&P 500 index fell 2...

Pivot (invalidation): 37.20 Our preference Long positions above 37.20 with targets at 38.10 & 38.45 in extension. Alternative scenario Below 37.20 look for further downside with 36.70 & 36.15 as targets...

Pivot (invalidation): 26.5500 Our preference Long positions above 26.5500 with targets at 27.2300 & 27.4800 in extension. Alternative scenario Below 26.5500 look for further downside with 26.4000 & 26.2500 as targets...

Pivot (invalidation): 1937.00 Our preference Long positions above 1937.00 with targets at 1966.00 & 1975.00 in extension. Alternative scenario Below 1937.00 look for further downside with 1929.00 & 1919.00 as targets...

Pivot (invalidation): 3303.00 Our preference Long positions above 3303.00 with targets at 3380.00 & 3452.00 in extension. Alternative scenario Below 3303.00 look for further downside with 3259.00 & 3200.00 as targets...

Pivot (invalidation): 7.4620 Our preference Long positions above 7.4620 with targets at 7.4860 & 7.4960 in extension. Alternative scenario Below 7.4620 look for further downside with 7.4510 & 7.4360 as targets...

Pivot (invalidation): 13050.00 Our preference Long positions above 13050.00 with targets at 13330.00 & 13460.00 in extension. Alternative scenario Below 13050.00 look for further downside with 12930.00 & 12754.00 as targets...

Pivot (invalidation): 0.7290 Our preference Short positions below 0.7290 with targets at 0.7265 & 0.7255 in extension. Alternative scenario Above 0.7290 look for further upside with 0.7305 & 0.7325 as targets...

Pivot (invalidation): 1.3190 Our preference Short positions below 1.3190 with targets at 1.3145 & 1.3115 in extension. Alternative scenario Above 1.3190 look for further upside with 1.3210 & 1.3230 as targets...

Pivot (invalidation): 0.9105 Our preference Short positions below 0.9105 with targets at 0.9070 & 0.9060 in extension. Alternative scenario Above 0.9105 look for further upside with 0.9120 & 0.9135 as targets...

Pivot (invalidation): 106.20 Our preference Short positions below 106.20 with targets at 106.00 & 105.90 in extension. Alternative scenario Above 106.20 look for further upside with 106.30 & 106.40 as targets...

Pivot (invalidation): 1.2770 Our preference Long positions above 1.2770 with targets at 1.2865 & 1.2900 in extension. Alternative scenario Below 1.2770 look for further downside with 1.2740 & 1.2715 as targets...

Pivot (invalidation): 1.1825 Our preference Long positions above 1.1825 with targets at 1.1860 & 1.1875 in extension. Alternative scenario Below 1.1825 look for further downside with 1.1810 & 1.1795 as targets...

In individual corporate news, Oracle stock price increased by 6% in after-hours trading after the software maker reported Q1 earnings and revenue that beat analysts’ forecasts...

US equities will likely end the week lower despite Wednesday rebound, as tech stocks haven’t extended their recovery. Wall Street tumbled again on Thursday, though at a moderate pace compared to the latest slump...

Pivot (invalidation): 37.65 Our preference Short positions below 37.65 with targets at 36.75 & 36.15 in extension. Alternative scenario Above 37.65 look for further upside with 38.10 & 38.45 as targets...

Pivot (invalidation): 26.9500 Our preference Short positions below 26.9500 with targets at 26.4000 & 26.0600 in extension. Alternative scenario Above 26.9500 look for further upside with 27.2700 & 27.4800 as targets...

Pivot (invalidation): 1950.00 Our preference Short positions below 1950.00 with targets at 1934.00 & 1925.00 in extension. Alternative scenario Above 1950.00 look for further upside with 1957.00 & 1966.50 as targets...

Pivot (invalidation): 3380.00 Our preference Short positions below 3380.00 with targets at 3303.00 & 3259.00 in extension. Alternative scenario Above 3380.00 look for further upside with 3452.00 & 3500.00 as targets...

Pivot (invalidation): 13050.00 Our preference Long positions above 13050.00 with targets at 13330.00 & 13460.00 in extension. Alternative scenario Below 13050.00 look for further downside with 12930.00 & 12754.00 as targets...