Tuesday, May 15, 2012

S&P YH4 to YH3

The S&P's rally this year stopped at the Camarilla yearly H4 pivot point. That's where smart money either sold their longs or they went short there. Now the market has pulled back to the Camarilla yearly H3 pivot point. Possible short term support here. If we break down, there are open gaps below at the at 1325, 1312 and above at 1350 and 1390. Also the Monthly S2 pivot point is 1327.