Wednesday, February 29, 2012

March ES testing YR1 pivot

March Es futures kissed the Yearly R1 pivot point today. Is this the high for the year or will the cash market(S&P) go to it's Yearly R1 pivot at 1394. Either way, I feel we are getting close to a top.
Updated chart on 3-2-12 no change

Sunday, February 26, 2012

Crude oil near resistance

Crude has has a big run this Month. The low was on the Monthly S1 pivot at $96 and is at the monthly R3 pivot. The Yearly R1 pivot is at $117.

Tuesday, February 21, 2012

ES at resistance

March ES futures kissed the monthly R2 pivot and looming above is the yearly R1 pivot. Plus New moon this week spells pullback.

Wednesday, February 15, 2012

The Yearly pivots stopped the far

Today, the YM futures hit the yearly R1 pivot point today and sold off. I'm looking for a pullback to the 20 dma tomorrow. Let's see how that plays out. Tops are a process, not a 1 day event. I still think we will see the high for 2012 in March and then down hill the rest of the year(per the 2012 Bradley model). Today could be the left shoulder on a head and shoulders pattern, that could play out over the next month or two. The Yearly R1 Pivot point on the Dow Jones Index is 13,256. That is my target for March.

Also today, the NQ futures hit the yearly R2 pivot point and the monthly r2 pivot point. When you see a confluence of 2 different pivot points(yearly/monthly or weekly/daily) that are close like this, it usually is strong resistance(if price is moving up) or support(if price is moving down).

Friday, February 10, 2012

Never listen to the media

Dr. Doom just turned bullish! Be very careful adding new long term positions up here. Only trade short term up here! Thanks to for use of this chart.

Barron's cover this weekend says "Dow 15,000 in 2 years....maybe even 17,000". On March 9th 2009 they said " the bull missed it's target". It looks like the bull did bounced off the target(bulls eye), because the S&P is up 100% since they ran that March 9th, 2009 cover.

this is from March 9th, 2009 cover

Thursday, February 9, 2012

CSCO 2011

in 2011 the "yearly pivot points" defined the high of the year and low of the year on CSCO. Smart money uses yearly pivot points to buy and sell.

Wednesday, February 8, 2012

TF testing YR1

TF(russell 2000 futures) March contract is at the Yearly R1 Pivot point here. On the cash index I show 872 for YR1.

Silver at resistance

Silver futures is testing the Yearly Pivot Point(purple line) here and the Camarilla Yearly H3 Pivot. Look for a pullback soon.

Ym at Mr1 and Yr1 close by

Ym futures kissing the Monthly R1 pivot at 12,839 and the Yearly R1 pivot is looming above at 12,903. The Yr1 pivot on the cash INDU is 13,256. Watch those numbers for a reversal.

CL MS1 to Mpp

Crude oil futures found support on the Monthly S1(ms1) pivot and bounced up to the Monthly Pivot Point(mpp). Also $96.66 is the yearly Pivot Point.