Monday, April 29, 2013
Monthly R1 and Yearly R2 pivots
major resistance at the monthly R1 and Yearly R2 pivots. New monthly pivots on Wednesday will tell us more.
Tuesday, April 16, 2013
Yearly R2 pivots
The "old" all time highs made in 2007 happened at the yearly R2 pivot point(see chart below). We are near this year's R2 pivot point(see chart above,) Will History repeat?
Monday, April 15, 2013
Gold on Yearly S2
Gold is testing the Yearly S2 pivot point and the 1000 day moving average(50month) today. Will we see a hammer buy signal there? We will know by the end of the day today.
Nope....no buy signal
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