Monday, December 3, 2012

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.