Quote Originally Posted by jmbarnette View Post
Billy,
You don't often mention pivot levels of other indices, but was wondering if you pay attention to them in your daily analysis. Was watching the YR1 level (139.31) on the SPY as it looked like a possible support area for this pullback with it's close proximity to the 20 day sma. At least for now. Or would this be a case as with trendlines, if you watch enough of them, one will surely work eventually!
Thank you for your insight
matt
Matt,
I need to leave until markets open. The last day of the quarter is the worst day to make a multi-pivot analysis.
I will have a look at the new weekly, monthly and quarterly SPY levels this weekend and reply also about the yearly thereafter.
Billy