Monthly R1 pivots

I'm writing this from 35,000 feet as I'm flying back to Florida. Last week I was looking for the monthly R1 pivots to hit Mr1 by Friday, and we hit them and then some. Also many weekly R1 pivots where hit. The new trend is starting to look "up", but I need more solid confirmation. I would like to see the January highs taken out, as better confirmation. We have triple witching/quad expiration coming up in a week and a half, which could bring new highs for the year.

This weeks support and resistance

S&P look for support at 1115 and resistance at 1145-1160.

Gold look for support at 1120 and resistance t 1155

Euro is making a nice rounded bottoming pattern on Demarks yearly low pivot.....support 1.3600 and resistance at 1.3700 to 1.3800

Crude oil still going up...look for support at $80 and resistance at 83.50-84.50

Natgas testing support

April Natgas futures is testing the Yearly S1 pivot(purple line S1) and the weekly S1 pivot(white line S1). Possible inverted head and shoulders, could take it back up to $4.84-$4.94, if $4.65 holds.

March monthly pivots

Here are the March monthly pivots.

Dow Jones: Mr1=10575, Ms1=9540

S&P 500: Mr1=1132, Ms1=1060

NDX: Mr1=1862, Ms1=1745

Gold: Mr1=$1152, Ms1=$1065

Crude oil: Mr1=$83.66, Ms1=$72

U.S. dollar Mr1=$81.68, Ms1=$79.08

I think we go up to Mr1 by this Friday.

Fasten your selt belt

In 2010, we have several major planetary alignments, that only happens every 80 years. The first one starts this week and then another one next week. The Bradley Model's turning dates are based upon certain planetary alignments. The 2010 Bradley Model chart shows, starting around March 1(give or take a couple of weeks), we will see a new trend take shape, that will last through mid August 2010(see above chart). The slope of decline on the chart shows the new trend will be strong and fast. The Bradley Model only predicts the turning points, not the direction. Although the past 3 years have been uncanny accurate in the direction. The markets have been in consolidation since the last Bradley date on November 9, 2009. The summer rally ended in November and started a sideways(consolidation) trend, as the 2009 model predicted. Now, will the markets start a new rip roaring rally or start slip sliding away? We will know by the end of March or sooner. Also interesting is in 2010 the Bradley model hits it's lowest reading in 70 years on August 10th. on the siderograph (see chart below courtesy of Rosecast.com). Could we retest the 2007 highs soon or a re-test of last years low? There is a lot of gaps in both directions. I think we could see a 300-400 point move in the S&P 500 in the next 6 months, based on the 2010 model. The way I use the Bradley model for trading is, 1) when to look for turning dates, 2) it helps me to stay "in" the new trend, vs fighting it. Last year I knew a big rally would be starting around late winter or early spring, based on the 2009 model. When the markets bottomed last March, I was buying, when most where still shorting. It's all documented here in last years archive.

Russell 2000 hits monthly pivots

The Russell 2000 futures this month fell to the Monthly S1 pivot(see lower blue circle), and then rallied up to the Monthly R1 pivot(see top blue circle) yesterday. The Monthly pivots told traders where support and resistance is, for the month of February. Buy S1 sell R1. That's Pivot Power! If you bought 1 TF futures contract at S1 and sold it at R1, you would have made $5000 in 2 weeks.