The SPX closed yesterday just under today's Primary Pivot
(1219.65) and this is the initial resistance level to watch this
morning...need to see a 3 bar confirmation break above which would
then target R1 (1229.95) and yesterday's highs. A failure to get
over the pivot would point to a move down to retest yesterday's
lows which also is where S1 is located (1208.59).
Morning Comments
Posted by steve on 1st of Sep 2011 at 09:27 am
The SPX closed yesterday just under today's Primary Pivot (1219.65) and this is the initial resistance level to watch this morning...need to see a 3 bar confirmation break above which would then target R1 (1229.95) and yesterday's highs. A failure to get over the pivot would point to a move down to retest yesterday's lows which also is where S1 is located (1208.59).
three bars on a 5
Posted by frtaylor on 1st of Sep 2011 at 09:40 am
three bars on a 5 minute chart?