The S&P 500 index(SPX) has rallied back to fair value for 2020 at the Yearly pivot point(YP). Look for strong resistance here and support on Ys1 @ 2700.
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Gold miners ETF GDX is testing resistance here at the Yearly R2 pivot point(YR2). The Low this year is on the Yearly S2 pivot point. Ys2 to Yr2. Look for strong resistance here at the YR2 & Qr2 pivot points.
General Electric's stock GE has found support on the Ys2 pivot point. If Ys2 holds, GE could go back this year to the Ys1 pivot point.
Gold(GLD) has been consolidating between the Yr2 and YDMH pivot points. Bulls are hoping $158 holds.
Transocean stock (RIG) found strong support(Buyers) on the Annual Ys2 pivot point. The BIGGEST reversals happen on the Annual/Yearly pivots. When a stock is up 100% from where I bought it, I automatically sell 1/2 to get my money back. I will let the free shares ride. no risk #winwin
I don't play penny stocks very often. MARK's technology will be in demand in a post coronavirus world. I sold 1/2 and got my investment back. Now playing with the banks money.
Professional traders that trade the German Dax know, the biggest reversals happen at the year pivot points. Ys3 to Ys1 for 3,000 points.