The FTSE index, is possibly making an inverted H&S pattern(IHS) on the Yearly & qrtly pivot points. IF the QP holds, should open the door for the YFr1 pivot point at 7720 this year. The YP to YFR1 pivots = textbook move.
EHTH so far this year, the Yearly Pivot(YP) is the low, and the Yearly R1 pivot point(YR1) is the high. Computer algo's and active investors, use Yearly pivots to show them where to buy & sell.
XME found strong support(buyers) on the pullback to the Ys1 pivot. It should go back to the Yearly Pivot(YP) in 2020. The BIGGEST reverslas happen at the Yearly pivots.