the S&P yearly chart shows the yearly S1 pivot(658) came very close(8 pts.), to being the low of the year last March. Will the yearly P pivot(yellow line P) at 986 be the highs for the year? Or close to it? My feeling is yes.
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1) Protect your capital 2) see rule #1 3) don't trade what you think, just trade what the charts say 4) use stops on all orders 5) never let a winner turn into a loser 6) never buy R2 7) never short S2 8) 3 losing trades in a row= strike 3.......shut down the computer for the day. Something is wrong in my head!
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