The S&P futures kissed the yearly pivot point at 1005(purple marked P), the past 2 days. The yearly pivot is calculated by adding the previous years High/Low/Close and divide by 3. The yearly S1 pivot was the low back in March. I still think we get a pullback from here.
Wednesday, August 5, 2009
S&P futures hits yearly Pivot
The S&P futures kissed the yearly pivot point at 1005(purple marked P), the past 2 days. The yearly pivot is calculated by adding the previous years High/Low/Close and divide by 3. The yearly S1 pivot was the low back in March. I still think we get a pullback from here.
