Tesla stock (TSLA) is testing the Fibonacci Yearly S2 pivot(YFS2) calc here. Look for support here on @ $233 and resistance now @ $257(Ys1) or $267(YFS1). A weekly clsoe <YFS2 opens the door for Ys2 @ $179.
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Gold Futures so far in 2019, the high is is at the Fibonacci Yearly R1 Pivot($1350), and the low is on the Yearly Pivot($1273). Also, so far this quarter, the Quarterly Pivot(QP) is the high, and the Qrtly S1 pivot(QS1) is the low. This is key support for Gold futures($GC_F). A close below 1272 may open the door for the Qs2 Pivot below @ $1245, or Ys1 @ $1197. Computer algorithms, like to move price from pivot point to pivot point. The BIGGEST reversals during the year, happen at the Yearly Pivots.
When price gets overbought at an R1 or R2 pivot, it likes to come back to the (P) where "failr Value" is. Since IBB's high this year was at the Yr1 pivot, look for next support on the Yearly Pivot(YP).
US Steel stock (X) is starting to pop off the Qrtly S1 Pivot. The high so far this qtr., is at the QP. QP to Qs1 is an algorithmic move. We are using a stop below the YFS1 Pivot @ $16.
What a difference a year makes. Last year at time $X was trading at $45 a share. Today's low is $16.66. Look for strong support here @ $16(YFS1).