Blogs

<p>The sell-off in US and European markets lost pace despite less than ideal economic data, with major indices closing the day on a positive note. Nasdaq (+1.66%) stood out again, as demand in technology stocks remained strong. Biotech jumped 4.4% in after-trading hours, as Gilead, an American biotech company, said it may have found an [&hell

<p>Pivot</p> <p>&nbsp;(invalidation): 19.50 </p> <p>Our preference</p> <p>Long positions above 19.50 with targets at 20.20 &amp; 20.50 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 15.5500 </p> <p>Our preference</p> <p>Short positions below 15.5500 with targets at 15.1800 &amp; 15.1100 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1721.00 </p> <p>Our preference</p> <p>Short positions below 1721.00 with targets at 1700.00 &amp; 1689.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 2720.00 </p> <p>Our preference</p> <p>Long positions above 2720.00 with targets at 2849.00 &amp; 2930.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 10100.00 </p> <p>Our preference</p> <p>Long positions above 10100.00 with targets at 10585.00 &amp; 10700.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 6.9070 </p> <p>Our preference</p> <p>Long positions above 6.9070 with targets at 6.9570 &amp; 6.9800 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6340 </p> <p>Our preference</p> <p>Long positions above 0.6340 with targets at 0.6400 &amp; 0.6425 in extension.</p> <p>Alternative scenario</p>

<p>c </p> <p>Pivot</p> <p>&nbsp;(invalidation): 1.4060 </p> <p>Our preference</p> <p>Short positions below 1.4060 with targets at 1.4000 &amp; 1.3960 in extension.</p>

<p>U </p> <p>Pivot</p> <p>&nbsp;(invalidation): 0.9700 </p> <p>Our preference</p> <p>Short positions below 0.9700 with targets at 0.9665 &amp; 0.9645 in extension.</p>