Friday, September 10, 2010

Dec NQ yearly pivots

I just rolled over to the December 2010 contract on the NQ(NDX). My first impression of the chart was "wow, the yearly pivot points(purple lines marked S1, P, R1, R2, R3) are working perfectly, on showing where support and resistance is". Professional NDX traders/market makers are using the the Yearly Pivots to buy and sell. You can see it on the chart(blue circles)!