Sunday, October 20, 2013

SPX 1750

Woodies yearly R3 at 1750 is next resistance. 1700 is support.

Sunday, October 13, 2013

YM gap filled

the YM found support last week near the monthly S1 pivot and exactly 1,000 pts from the Sept high. Then rallied up to fill the open gap from 9/27. Tonight we gapped down 125 pts. The YM needs to close above 15,000 to keep last weeks rally party going. 

Monday, October 7, 2013

Apple going to $549

Since the low this year was on the yearly S1 pivot, Apple's stock price should go back up to the yearly Pivot(P) at $549 this year.

Saturday, October 5, 2013

the yearly R Pivots stop the rally AGAIN!

Last April when the S&P 500 tested the yearly R2 pivot at 1600, it got a 60 point pullback. Last Thursdays low at 1670 was 60 points below the yearly R3 pivot. Coincidence? NO! market makers, banks, Quants and Algos ALL use pivot points. I have been warning investors & traders all summer to watch 1730 for MAJOR resistance. Remember, the high of the year in 2012 was also at the yearly R3 pivot. Below is the 2012 chart.