Tesla stock (TSLA) price in 2019, has gone from the Yearly Pivots(YP) down to the Yearly S1 Pivot. This is where 1st. support for 2019 is at. Big bounce today off the Ys1. The biggest reversals happen at the Yearly Pivot Points!
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this past week, the S&P 500 index (SPX), the Dow Jones Index (DJIA) and the Nasdaq 100 (NDX) index, ALL ran into strong resistance at their Yearly R1 Pivot Points. We usually get BIG reversals at the Yearly Pivots. Looking for a 100 point pullback to the 200day @ 2755 soon.
Qualcomm stock (QCOM) in January, came down to the Fibonacci Yearly & Quarterly S1 Pivot Points. That confluence of S(support) pivots, told us there would be 2x as many computer algorithms covering shorts/buying there. YFS1/QS1 is where the risk/reward is the best. Half way to my target at the Yearly Pivot(YP) & 200day @ $60.65. Samsung is using Qaulcomm's 5G modens in the new Galaxy S10 phones.
Disney stock (DIS) so far in 2019, the Yearly Pivot(YP) has been support and the Camarilla YHC3 pivot point resistance. If the stock price can close >YCH3 @ 116 will open the door for $122. IF the stock price falls below the YP @ $109, will open the door for $103. The best risk/reward is buying pullbacks to the YP with a tight stop below it.
The BIGGEST REVERSALS happen at the yearly pivot points. So far in 2019, the Yr1 pivot has been strong resistance. Look for support on the Yearly Pivot @ $103.
The Santa rally that started on Dec.26th, 2018 has finally ended. The Dow Jones DJIA ran into strong resistance at the 2019 Yearly R1 Pivot Points. The Yearly Pivot(YP) is @ 24,000. Maybe 26,000(YR1) down to 24,000(YP) next?