Here is my latest post on SeeitMarket on twitter. https://www.seeitmarket.com/dow-industrials-nearing-yearly-pivot-time-reduce-risk-18374/
CHARTBLOG
Knowing in advance where price will pivot is a Major trading edge. That is what the Yearly Pivot Points show us. GOOGL is a great example. Googl stock price likes the Yearly Pivots. It's obvios that somebody(s) BIG is using Yearly Pivot Points.
Ford stock (F) this year, fell to the Yearly S2 Pivot Point. YP to Ys2. That's where shorts and active investors started buying. Ford should go back up to the Ys1 Pivot @ $11 by the end of this year.
IWM etf is testing strong yearly resistance here at the Yr2 Pivot Points. This is a good spot to reduce IWM risk, as novice traders and investors buy the breakout to new highs. Buy dips, not breakouts!!!
Gold and Silver have falling hard the past few weeks. The Gold & Silver Index (XAU) shows support here on the YearlyS2 Pivot. There is a chance Ys2 won't hold and it will fall then to Ys3 @ 53, which should be a huge buying opportunity. IF Ys2 holds, XAU should go back up to the Ys1 Pivot @ 75, by the end of 2018.
I love the marijuana stocks. I feel legalization is going to spread across the world, from country to country over the next 10 years. Some of the stocks are close to strong resistance. CGC Canopy Growth Corp. is one of them. Best case I see for CGC in 2018 is the Yr2 Pivot @ $40. I also see risk of a pullback to the YP @ $18. Buy the dips and sell the rips!