Pivot: 27.55 Our preference: SHORT positions below 27.55 with 26.95 26.45 as next targets. Alternative scenario: The upside penetration of 27.55 will call for 27.85 28.4....
Pivot: 0.839 Our preference: Long positions above 0.839 with targets @ 0.8445 0.846 in extension. Alternative scenario: Below 0.839 look for further downside with 0.8365 0.8345...
Pivot: 1.043 Our preference: Long positions above 1.043 with targets @ 1.048 1.0495 in extension. Alternative scenario: Below 1.043 look for further downside with 1.0415 1.04...
THE TAKEAWAY: The US Dollar has managed to cling to technical support for now. SP 500 positioning continues to warn of a downward reversal looming ahead....
Pivot: 0.839 Our preference: Long positions above 0.839 with targets @ 0.8445 0.846 in extension. Alternative scenario: Below 0.839 look for further downside with 0.8365 0.8345...
Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.012 1.0095 in extension. Alternative scenario: Above 1.016 look for further upside with 1.018 1.02...
Pivot: 120.25 Our preference: Short positions below 120.25 with targets @ 119.1 118.5 in extension. Alternative scenario: Above 120.25 look for further upside with 120.95 121.35...
Pivot: 141.85 Our preference: Short positions below 141.85 with targets @ 140.5 140.1 in extension. Alternative scenario: Above 141.85 look for further upside with 142.4 143...
Pivot: 27.85 Our preference: SHORT positions below 27.85 with 26.95 26.45 in sight. Alternative scenario: The upside penetration of 27.85 will call for 28.4 28.6. Comment:...
Pivot: 1.2825 Our preference: Short positions below 1.2825 with targets @ 1.277 1.2745 in extension. Alternative scenario: Above 1.2825 look for further upside with 1.2845 1.2875...