Tuesday, August 26, 2014

Index Pivot Points - 3 Time Frames

There are several different methods for calculating pivot points, the most common of which is the five point system; two support and two resistance levels.  The calculation utilize today's high, low, and close and offsets the data by one day on the chart.

If you are chomping at the bit to go short, why not wait until a pivot in your time frame gives way. What's your time frame of reference?

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