Bitcoin BTCUSD is testing the 2020 Yearly R1 pivot points. Last year, the 2019 Yr1 pivots was the high for the year. The low this year was on the Ys1 pivot point. Ys1 to Yr1= computer algorithms are in charge! Look for a BIG pullback soon here!
The S&P 500 index is testing its Yearly R1 pivot point)YR1). The low so far this year is at the Ys2 pivot point. Ys2 to Yr1. Since the BIGGEST reversals happen at Yearly pivots, A BIG pullback could start here!
The SPY eft today, is testing the Yearly R1 pivot point. This will complete a Pivot Price Pattern (YP to Yr1). This is where we are reducing risk @PivotalPivots. Risk now is a pullback to the Yearly Pivot(YP).
The $NYSE Composite Index includes more than 1,900 stocks, of which over 1,500 are U.S. companies. Its breadth, therefore, makes it a much better indicator of market performance than narrow indexes that have far fewer components. The NYSE has not made it back to the Feb. 2020 highs. It;s at YEarly resistnace here.