Pivots 11-29

Quick one this morning to summarize what I am looking for this morning.  Briefly….

  • USDollar up to 80.75
  • Gold holding tough so far at 1,361
  • Euro getting a beat down at 1.3158
  • Bonds trying to hold monthly support at 126 level.

Will see what happens, but I do expect the dollar to complete a cycle top this week and begin to move down.  POMO continues this week and Santa’s apparently able to lift spirits enough to make up for the 20% unemployed/underemployed.

S&P (/ES) Pivots –

  • R1- 1195
  • PP- 1188.75
  • S1- 1177
  • S2- 1170.75

Trade well and trade the extremes.

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About thefront9

Independent trader with a flexible approach to the markets. Position trading, swing trading and day trading using Futures, Equities and Options. This site is intended to help others (and myself) see what I see and to stay true to the discipline of making trades at the extremes. Contrarian and TastyTrade addict! Living in Texas with my family, helping others and maybe playing some golf from time to time makes life busy and great. Add a little music and humor and that just about sums it up. Trade the extremes and manage risk.....always!
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