Jiming Huang / Profil

Wall Street will continue to rally at the start of this week, after closing flat on Friday but securing the best weekly performance in months. Last week, stocks surged on investor hopes that Democrats would not have full control over Congress...

Pivot (invalidation): 37.60 Our preference Long positions above 37.60 with targets at 38.90 & 39.35 in extension. Alternative scenario Below 37.60 look for further downside with 37.05 & 36.55 as targets...

Pivot (invalidation): 25.3700 Our preference Long positions above 25.3700 with targets at 26.0000 & 26.4400 in extension. Alternative scenario Below 25.3700 look for further downside with 24.9500 & 24.6300 as targets...

Pivot (invalidation): 1946.00 Our preference Long positions above 1946.00 with targets at 1967.00 & 1980.00 in extension. Alternative scenario Below 1946.00 look for further downside with 1935.00 & 1925.00 as targets...

Pivot (invalidation): 3485.00 Our preference Long positions above 3485.00 with targets at 3550.00 & 3587.00 in extension. Alternative scenario Below 3485.00 look for further downside with 3440.00 & 3405.00 as targets...

Pivot (invalidation): 12371.00 Our preference Long positions above 12371.00 with targets at 12650.00 & 12820.00 in extension. Alternative scenario Below 12371.00 look for further downside with 12200.00 & 12045.00 as targets...

Pivot (invalidation): 8.4450 Our preference Short positions below 8.4450 with targets at 8.3170 & 8.2500 in extension. Alternative scenario Above 8.4450 look for further upside with 8.5000 & 8.5700 as targets...

Pivot (invalidation): 0.7265 Our preference Long positions above 0.7265 with targets at 0.7310 & 0.7330 in extension. Alternative scenario Below 0.7265 look for further downside with 0.7245 & 0.7225 as targets...

Pivot (invalidation): 1.3045 Our preference Short positions below 1.3045 with targets at 1.2990 & 1.2960 in extension. Alternative scenario Above 1.3045 look for further upside with 1.3070 & 1.3090 as targets...

Pivot (invalidation): 0.8980 Our preference Long positions above 0.8980 with targets at 0.9010 & 0.9025 in extension. Alternative scenario Below 0.8980 look for further downside with 0.8965 & 0.8950 as targets...

Pivot (invalidation): 103.15 Our preference Long positions above 103.15 with targets at 103.60 & 103.80 in extension. Alternative scenario Below 103.15 look for further downside with 103.00 & 102.80 as targets...

Pivot (invalidation): 1.3145 Our preference Long positions above 1.3145 with targets at 1.3200 & 1.3230 in extension. Alternative scenario Below 1.3145 look for further downside with 1.3110 & 1.3090 as targets...

Pivot (invalidation): 1.1860 Our preference Long positions above 1.1860 with targets at 1.1910 & 1.1935 in extension. Alternative scenario Below 1.1860 look for further downside with 1.1840 & 1.1810 as targets...

In the commodity market, oil prices continue to decline after a strong start of the week. Both brands have declined by over 2%, as investors are worried about weakening demand amid the fresh lockdowns imposed in Europe...

US equities continued to rally on Thursday and are set to end the week higher no matter what happens later today...

Pivot (invalidation): 38.90 Our preference Short positions below 38.90 with targets at 37.25 & 36.55 in extension. Alternative scenario Above 38.90 look for further upside with 39.35 & 39.80 as targets...

Pivot (invalidation): 24.8600 Our preference Long positions above 24.8600 with targets at 25.4700 & 25.8100 in extension. Alternative scenario Below 24.8600 look for further downside with 24.6400 & 24.3800 as targets...

Pivot (invalidation): 1926.00 Our preference Long positions above 1926.00 with targets at 1953.00 & 1965.00 in extension. Alternative scenario Below 1926.00 look for further downside with 1916.00 & 1902.00 as targets...

Pivot (invalidation): 3485.00 Our preference Long positions above 3485.00 with targets at 3550.00 & 3587.00 in extension. Alternative scenario Below 3485.00 look for further downside with 3440.00 & 3405.00 as targets...

Pivot (invalidation): 12390.00 Our preference Long positions above 12390.00 with targets at 12718.00 & 12820.00 in extension. Alternative scenario Below 12390.00 look for further downside with 12200.00 & 12045.00 as targets...