Today we put in a move higher off the open only to be rejected at my resistance pivot. The correction that followed ended after a 50% Fib. retracement (from previous day's low to this morning's high) that coincided with Friday's closing price AND yesterday's support pivot (got all that?).Later in the day my resistance pivot ended up acting as great support. As a side note, the weekly SPY resistance pivot is 106.01. We exceeded that by a dime this afternoon before being rejected. These pivots work really well, I can't tell you enough!
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