Mr1 to Mpp?

per last week, target is 1478....the monthly Pivot Point(MPP). The Central pivot point(P) is where price is the most fair for that period(ie: monthly P, Daily P, etc). Picture a bell curve.....When price swings to support pivots(S1234) or resistance(R1234), is usually comes back to the middle ie: the central pivot(P).

I'm out of town this week. I'll be back next week. trade safe!

 

UPDATE:  charts updated on Feb. 26th

S&P 500- Mr1 to Ws4

The S&P failed at the monthly R1 pivot point and has fallen in 2 days down to the weekly S4 pivot point.There is a trend change going on. Until it can get back above the 20 day, look for short opps. Downside target is the monthly Pivot point at 1478.

Mr1 next resistance

We got a close over the Yearly R1 pivot point. If it holds then look for 1522 (monthly and weekly R1 pivots).

New moon last weekend may give a SELL signal on Monday.

UPDATE: 2-13-2012...The high today was 1522 at the monthly R1 pivot point. We ended the day with a doji candlestick.

HNS top at YR1

I am seeing a head & shoulders top at the yearly R1(YR1) pivot point. I feel we will pull back to 1480 very soon.

USD/JPY @ YR2

I am looking for a reversal today at the Yearly R2 pivot point at $93.85

Testing Major Resistance

S&P 500 kissed the Yearly R1 pivot point last Friday. That could stop the rally.

INDU/DJI at the Camarilla Yearly H4 pivot point. In 2012 the YH4 pivot point was the high for the year.