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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. 

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.

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.

Be careful this week

The week following the September OPEX has been down 19 years of the past 25 years. This pullback could last for a few weeks or month(nov 1).

S&P testing Yearly R3 pivot

Once again, the yearly R3 pivot stopped the rally. In September of 2012, the yearly R3 pivot was the high of the year. Repeat?

ES shooting star sell signal today

H&S topping pattern at YR3

Gold futures playing yearly pivs like a fiddle

Spy major res at $173-174

ES close to res

A confluence of resistance from 1682-1683. Monthly R1/weekly R2 pivots

Gold testing the monthly Pivot

Dec Crude oil Yr1 pivot still res

on holiday

I'm on Holiday this week.

I'll still be tweeting charts.

Apple yearly S1 to the yearly P?

I didn't hear ANY pro's on TV or in the news saying buy Apple at $390. I was one of the few who said "Buy Apple on the yearly S1 pivot($390)" back in April and June. Now its back to over $500. My target is the yearly Pivot at $547. It could get there by the Sept. 10th new products announcement.

Dec. Gold at MR1 and gap filled

December Gold futures rallied last week up the open gap and the monthly R1 pivot point. I don't see gold prices going above the monthly 50pma / yearly S2 pivot at $1430 this year. The 10 year trend is broken!!

probably more downside ahead

The S&P 500 had a big gap down last Thursday(the bigger the gap, the bigger the trap). It closed the week below the monthly pivot point. Next area of support is 1650. A close below that will open the door for 1625 gap and monthly S1 pivot.  Resistance this week is old support at 1665/1666 ish.