After hours yesterday, Nike (NKE) announced qrtly earnings. The stock dropped down to it"s YearlyS1 pivot @ $49, giving PivotalPivots traders an opportunity to buy the stock at a discount. The stock is already up 10% today trading at $54.
The S&P 500 cash Index has completed a Pivot Price Pattern from the Fibonacci Yr1 Pivot to the YPP. I thought it may take longer, but it did it in a few days. Now we'll see if a floor will be made here this week.
Junk bonds ETF $JNK so far in 2016 found support on the YearlyS1 pivot and rallied back up to the Yearly(P) Pivot. For an active trader this showed in advance where to buy the pullback(S1) last Feb., and where to take the profits(P) off. No Guessing or using any lagging indicators.