Jiming Huang / Profil

Pivot (invalidation): 26.5500 Our preference Long positions above 26.5500 with targets at 27.4900 & 28.0300 in extension. Alternative scenario Below 26.5500 look for further downside with 26.3000 & 25.8000 as targets...

Pivot (invalidation): 1924.00 Our preference Long positions above 1924.00 with targets at 1965.00 & 1976.00 in extension. Alternative scenario Below 1924.00 look for further downside with 1906.00 & 1893.00 as targets...

Pivot (invalidation): 3387.00 Our preference Short positions below 3387.00 with targets at 3362.00 & 3350.00 in extension. Alternative scenario Above 3387.00 look for further upside with 3399.00 & 3415.00 as targets...

Pivot (invalidation): 13045.00 Our preference Short positions below 13045.00 with targets at 12800.00 & 12730.00 in extension. Alternative scenario Above 13045.00 look for further upside with 13100.00 & 13150.00 as targets...

Pivot (invalidation): 7.3170 Our preference Short positions below 7.3170 with targets at 7.2580 & 7.2360 in extension. Alternative scenario Above 7.3170 look for further upside with 7.3470 & 7.3800 as targets...

Pivot (invalidation): 0.7200 Our preference Short positions below 0.7200 with targets at 0.7160 & 0.7140 in extension. Alternative scenario Above 0.7200 look for further upside with 0.7230 & 0.7255 as targets...

Pivot (invalidation): 1.3185 Our preference Long positions above 1.3185 with targets at 1.3235 & 1.3260 in extension. Alternative scenario Below 1.3185 look for further downside with 1.3160 & 1.3135 as targets...

Pivot (invalidation): 0.9120 Our preference Long positions above 0.9120 with targets at 0.9165 & 0.9185 in extension. Alternative scenario Below 0.9120 look for further downside with 0.9100 & 0.9080 as targets...

Pivot (invalidation): 105.85 Our preference Long positions above 105.85 with targets at 106.25 & 106.50 in extension. Alternative scenario Below 105.85 look for further downside with 105.60 & 105.30 as targets...

Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3070 & 1.3045 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3160 & 1.3190 as targets...

Pivot (invalidation): 1.1865 Our preference Short positions below 1.1865 with targets at 1.1830 & 1.1810 in extension. Alternative scenario Above 1.1865 look for further upside with 1.1895 & 1.1915 as targets...

The weak US dollar and softer US yields remain the major drivers in the FX markets...

The S&P500 (+0.23%) finally closed above its February, and all-time high. This was the fastest rebound from a bear market after the pandemic-induced sell-off erased more than 20% of its value in the first quarter of the year. Nasdaq closed 0.73% higher...

Pivot (invalidation): 42.65 Our preference Long positions above 42.65 with targets at 43.10 & 43.30 in extension. Alternative scenario Below 42.65 look for further downside with 42.40 & 42.10 as targets...

Pivot (invalidation): 28.1500 Our preference Short positions below 28.1500 with targets at 27.3000 & 27.0800 in extension. Alternative scenario Above 28.1500 look for further upside with 28.4500 & 28.7500 as targets...

Pivot (invalidation): 2006.00 Our preference Short positions below 2006.00 with targets at 1976.00 & 1966.00 in extension. Alternative scenario Above 2006.00 look for further upside with 2015.00 & 2030.00 as targets...

Pivot (invalidation): 3379.00 Our preference Long positions above 3379.00 with targets at 3400.00 & 3415.00 in extension. Alternative scenario Below 3379.00 look for further downside with 3362.00 & 3350.00 as targets...

Pivot (invalidation): 12955.00 Our preference Short positions below 12955.00 with targets at 12800.00 & 12730.00 in extension. Alternative scenario Above 12955.00 look for further upside with 13055.00 & 13100.00 as targets...

Pivot (invalidation): 7.3960 Our preference Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension. Alternative scenario Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets...

Pivot (invalidation): 0.7260 Our preference Short positions below 0.7260 with targets at 0.7225 & 0.7205 in extension. Alternative scenario Above 0.7260 look for further upside with 0.7275 & 0.7295 as targets...