The Dow Jones index is struggling at the Fibonacci Yearly r2 pivot point. Last January when it tested the R1 pivot, there was a 1500 point pullback. Perhaps another pullback here?
So far this year, TNX is struggling at the Yearly R1 pivot point.
So far in 2021, the Fibonacci Yearly pivot point(P) has ben strong support, and the Fibonacci Yearly R1 pivot point strong resistance. Many computer algorithms are programmed to buy & sell at pivot points.
ZN 10 year futures found strong support on the Yearly S1 pivot points.
ZN 10 year futures are testing strong support on the Yearly S1 pivot points.
10 year bond yields are struggling at the Yearly R1 pivot point.
Bitcoin today, is testing the traditional yearly R4 pivot point.
Oil futes CL is trading between the Fibonacci Yearly S2 pivot point and the Ys3 pivot point. Pit traders use pivots!
AMZN so far in 2020, the classic yearly R4 pivot point is the high and strong resistance.
The Yearly pivot point(P) @ 2974 has been strong resistance.
S&P 500 (ES) futures found support on the Ys2 pivot point and has rallied back to the Yearly pivot point(YP). When price gets oversold, it comes back to the YP. The YP is where fair value is each year.
30 year bond futures today, is testing the Yearly r2 pivot point. Look for strong resistance here.
The Nazz composite is close to strong resistance at it's yearly R1 pivot point.
Last year, the 2019 Traditional Yearly R1 pivot was the high for the year. Will the 2020 Yr1 pivot point be the high this year?
DXY is at the Yearly R1 pivot points = resistance
Yearly r4 and Monthly r3 pivot points stopped the rally.
Tesla today, is testing the Yearly R4 pivot point. Perhaps the top?
The low in 2018 was on Ys1 and the high in 2019 was at Yr1. The 2020 yearly pivots should be a good guide!