Friday, January 7, 2011

Day-Traders love pivots

Intraday pivot points show day traders where the best odds are for intraday price reversals. Pivot Points define the days trading range(s1 -r1, s2-r1, etc.) . Today, the NQ(NDX) went from the R1 pivot, to the S1 pivot, back up to the R1 pivot, and back down to the S1 pivot....see the white circles on the charts on the green pivot lines. Pivot ping pong? Each 10 pt. price swing is worth $200 per contract.