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Yearly R3 pivot been resistance

For the past 10 days Woodies Yearly R3 pivot point has stopped the rally. Until we breakout over $177.63, there's a chance of a pullback to the $173 gap. In 2012 Woodies Yearly R pivot was the high of the year. There is a 84% chance that this could be the HOY too. The yearly R4 pivot is at $182. Since 1970, the S&P has gone to the YR4 pivot only 4 times in 43 years. 3 of the 4 times it was the High of the year(HOY).

Caution advised

 

Caution advised on buying new positions here at the Yearly R3 pivot.

 

SPX 1750

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

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.