For your entertainment and novelty are the yearly pivots of the major indices. Please enjoy.
NDX INDU SPX
R2 3207 14,670 1615
R1 2966 14,053 1541
PP 2637 13,044 1400
S1 2395 12,426 1325
S2 2066 11,417 1184
INDU is like 110 Points or so points from Yearly R2. This means be aware, it is possible that level could be major resistance. I imagine it will be resistance the first time, and the second test will show us what we need to know. Watch the spectacle unfold.
Come Monday, there will be new monthly pivots for all stocks and whatnot, and it could be a whole new ball game. I’ve got some new ideas brewing. And without divulging too much now, some play may be opening up for NB in the crude market after all. I’ll share any developments this weekend.
Until then,
Peace and Love.
(p.s. Actually look at the numbers)
