The NDX futures today found support(blue arrow) on the weekly s1 pivot(Ws1) @1422. When the market opens the week at Weekly r1 or s1, that usually means the high or low for the week is in, and look for the Weekly pivot as your next target. I went long today @ (1426). The DOW, Euro and S&P also hit there Ws1 pivots today.
Monday, July 6, 2009
NDX for short term trading
The NDX futures today found support(blue arrow) on the weekly s1 pivot(Ws1) @1422. When the market opens the week at Weekly r1 or s1, that usually means the high or low for the week is in, and look for the Weekly pivot as your next target. I went long today @ (1426). The DOW, Euro and S&P also hit there Ws1 pivots today.
