Wednesday, May 19, 2010

Targets using Pivot analysis

The S&P and NDX June Futures high for 2010 so far is the Yearly R1 Pivot(blue circle). Now we should go down and test support at the Yearly Pivot Point at 1019(purple line and blue arrow). Using Pivot Point analysis, I'm looking for the S&P June futures, to test the YPP(yearly pivot point) by the June Expiration on 6/18. On the NDX June futures, look for a test/support @1680.