ES monthly R1

March 2013 ES futures kissed the monthly R1 pivot point and the weekly R2 pivot point. So far in December price has gone from a low at the monthly Pivot(P) to the high at the monthly R1 pivot.

XLF @ YR1/CAM H4

Head and shoulders patterns are the most powerful reversal pattern in trading. Especially when they occur at pivot points. Danger Will Robinson Danger!!

Gold double bottom on YR1

Possible double bottom on the Yearly R1 pivot point at 1687. If that breaks then watch the 200dma below at 1667. Yearly R2 pivot point was the high in 2012 and the Yearly S1/Cam L3 pivots where the lows.

UPDATE: the YR1 pivot broke. Next support is at the monthly S2 pivot at 1633.75 or the yearly Pivot point at 1627.

Apple

Apple hit $497 today in pre market. That is the 400dma(monthly 20), the yearly R2 pivot point and Demarks monthly Low pivot point. I think AAPL may bounce here. Next support level below is on the monthly S2 pivot point at $467 and the 500dma is there too. A close below $497 will be the tell.

Bradley Model 2013

Here is a sneak peak at the 2013 Bradley model. As you can see a new trend change is coming around Dec 22/Jan 29th and will last until the June 2013 Quad opex. Will it be up like the sidergraph shows or will it be down? It can go either way. There is no polarity, it just shows when the trend will change and how long it will last. Either way 2013 will be big!!

Head and shoulders top in the making

Looking like a head and shoulders top in the making. With a major Bradley model date next week(12/22), we could fall to the downside very fast.

XLF -Yearly R1 pivot and monthly R1

I am watching for a head and shoulders top at the yearly R1 pivot point at $16.48 or at the monthly R1 pivot point at $16.28. I'm looking for a big pullback to start soon.

Dow kissing the Yearly R1 pivot

Just like last spring, the Dow is back at the yearly R1 pivot point. Look for a PB to start any day!!

V shape bottom

No double bottom or inverse head and shoulders bottom,,,,,,,, a V shape bounce trapping shorty!! We are approaching a supply area here at 13200-13250-13300 from last October. The low this month has been on the monthly pivot points on all the indexes. If the MPP is the low we probably will rally to the monthly R1 pivot point at 13385 on the Dec. YM futures and 1452 on the Dec. ES futures. We have a Major Bradley trend change date coming up next week. Will it be the beginning of a big pull back or a break out to new highs?

Feb 2013 Gold futures pivots

Here are the yearly and monthly pivots for the front month on Gold(GC). As you can see Gold's high last October 2012 was at the yearly R2 and has now pulled back to the yearly R1 pivot point. Look for a possible double bottom here at 1666-1675. If that breaks then watch 1625-1650 for support.

New Dec pivots

New month brings new monthly pivots. The ES(s&p futures) should trade up to MR1 at 1451 and 1st support comes in at MS1 at 1360. Watch the 76 fib at 1436........ that could spoil the party.

Here are the New December monthly pivots for the YM(Dow Jones futures). 13372=Mr1 and 12555=MS1. The 50 dma at 13100 may spoil this party.