Looking for next support at the Qrtly Pivot point(QP) @ 27,661. The Qr1 pivot to the QP=textbook move.
CHARTBLOG
Since the Yearly R1 pivot point(YR1) on Goldman Sachs (GS) was strong resistance, look for price to come back to the Yearly Pivot(YP) @ $208.50.
Look for strong support soon on the EURUSD. Last years low, was on the 2019 Ys1 pivot. The 2020 Ys1 pivots should be strong support.
Natgas futures low in 2019, was on the 2019 Yearly S1 pivot point. This year, look for support on the 2020 Ys1 pivot point @ $1.53.
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.