Tuesday, May 8, 2012

DJIA YR1 to YPP?

Since the yearly R1 pivot point(YR1) is resistance(13310), will we go down the the yearly pivot point(Ypp) at 11836?  My guess is yes, but not this month. Maybe by mid June?  A close below 12700 and we drop us to the monthly S2 pivot at 12445 this month.