S&P 500 Pivot Dates

[hwsteele]

Monday's Minor pivot number are:
1060
1067.50
1075
1082.50
1090
1099
1108
1117
1126
1136.50
1147
1157.50
1168

 

[hwsteele]

Again the market traded down this time to almost exactly 1000 so I do believe it will be up for the next few weeks to months before we see it head back down again.
Tuesday shows to be a pivot day so I believe it will be up. Wednesday shows to be a pivot day also but not as much importance. Then nothing on Thursday. Friday shows to be a good pivot day. I believe we could see the 1096 main pivot tomorrow. That or 1000 again.
Tuesdays minor pivots are:
1000
1009
1018
1027.50
1037.50
1048.50
1059
1069.50
1081
1093.50
1205
1217.50

 

[hwsteele]

Ok we saw 1000 again. Since Tuesday shows to be a big pivot day I suspect we have our major low for the month. As all week I could be wrong about that but I don't see the BIG bottom coming for months yet. We still might see 977 main pivot before the market heads up 130 points.
Today the the S&P500 traded down to the 1050 main pivot and tested it a couple of times before it went through it to the 1035 pivot. It used 1035 first as support and then resistance. The market closed very close to the 1002 main pivot. Just under it by 6 points.
Wednesday minor pivots are:
950.50
961
972
984
996
1008
1020.50
1034
1047.50
1061
1075
1090

 

[hwsteele]

Today was an up and down day. I love days like this. Today traded perfectly off of the minors. First the price climbed to the 1020.50 minor level and then down to just below the 984 minor level. From there it went up to the 996 level and turned down to the 972 level. It then turned again going up to the 1020.50 level again but not before having a 12 point reaction at the 1002 main pivot level first. After that price bounced around between the 1008 and 1020.50 minors before finally heading down and closing at the 984 minor level.
I wish every day were this beautiful.
I believe Friday will be a pivot day.

 

[hwsteele]

Here are Thursdays minor pivot levels:
941
951
962
973.50
985
997
1009
1021
1035
1048.50
1062
As a reminder this weeks major pivot levels are:

977
1002
1035
1050
1096

 

[hwsteele]

Wow where did today come from drifting just fine and then smack!
Yesterday played the minors and today the market played the majors.
The market opened at 988 and traded up to the 1002 main pivot.
After that it traded down to the 960 main pivot level then back up to the 977 main pivot level.
From 11:30 to 1:30 the market hung around the 977 main pivot just over then just under it back and forth. Then at 1:30 the market started heading down to the very next main pivot. which just happened to be 915. Today closed just six points under that pivot level.
The next main pivot level down is 880 then 868.
Saturday then Tuesday and then Thursday show to be pivot days so we may see the market go lower again tomorrow then up Monday and Tuesday then down Wednesday and up either Thursday or Friday. A more complete and exact list for Friday of the major pivot price levels follows:
806
819
840
868
880
920
967
981
1009
1040
1055
1100
The above main pivot prices include the price action from all week including Thursday.

 

[hwsteele]

Today looks like the bottom we have been looking for. The sad thing is I still don't think this is the BIG bottom that will end the bear market. I believe the market will retrace maybe to 1050 before we see it head back down again. But you just never know.
Today opened and then traded right down to the 840 main pivot then traded up the 920 main pivot.
Later the market touched 840 again and then went up to 936 high and then closed at just a hair under 900 for the day.
Saturday and Sunday do show up as pivot days so I expect the market to trade up on Monday.

 

[hwsteele]

Monday did what we all hoped it would and took off like a rocket. Today on the other hand opened and shot up to the 1040 main pivot and then traded lower than that all day. From 11:30 'til 1:30 the price hung out at the 1009 main pivot after which it traded down to the 981 main pivot then bounced off for ten points went down twenty more points to about 972 then back to just under 1009 and then down ten more points for the close.
Tomorrow does show to be a pivot day so we may see the low 900's again. Or 1050 could be touched before it heads south again. A very small chance of 1100. I don't believe we will see a lower low than the Friday 840 level this year. I do believe we will see a lower low spring time 2009.
The new main pivot numbers for Wednesday are:
882
924
973
988
1015
1046
1060
1107
1150
1167

 

[hwsteele]

The market opened and dropped right down to the 973 main pivot number then trickled down for the rest of the day. Just after two in the afternoon it did have a reaction from the 924 pivot number of about 20 points then just after three headed back down to close at the low for the day.
Thursday day does show to be a pivot day so I believe the market will go up and at least touch 953.
If not then the down side looks like an 840 retest.
Look for a turn tomorrow at about 1:00P.M.

 

[hwsteele]

What a beautiful day!
First the market opens and runs right up to the 924 main pivot then down three steps lower to 890 then 880 then 870. after that back up it went and peaked at about 919 just before 12:30. I missed the turn time by thirty minutes yesterday when I said "look for a turn tomorrow at 1:00 P.M."
The good news is the price just about touched 953 like I was looking for. Tomorrow shows once again to a pivot day so I'm looking for something lower again. Don't forget it is options expiration tomorrow.
I'm looking for a turn at the open and then again at about 10:15.

 

[hwsteele]

Well Friday turned out well. The market opened and went down to the 924 main pivot then headed all the way up to the 973 main pivot. First 973 was resistance then support. After that price came down to the 940 level for the close. Both Monday and Tuesday show to be a pivot day.
The new recalculated main pivot numbers for next week are:
825
874
887
930
977
990
1020
1050
1065
1111
1158

 

[hwsteele]

Ok the market seems to be calming down just a little so i will start to post the minor price pivots again. None of the main price pivots seemed to have had much effect on the market today.
Tuesday does show to be a pivot day so I believe the market could head down again. Wednesday shows to be a pivot day also.
The minor pivot numbers for Tuesday are:
929
939
950
960
971
983
995
1007
1019

 

[hwsteele]

Today the price action held the minor pivots well all day long.
Wednesday looks to be a pivot day again so look for the price to go higher.
The minor pivots for tomorrow are:
915
924
934
945
955
966
976
987

 

[hwsteele]

Today the price action did a whole lot of NOT going higher!
I will not be posting in this thread for the rest of the week as I will not have the time to make my calculations as normal. Will start back on Monday.

 

[hwsteele]

Wednesday shows to be a pivot day.
I will have the main pivot numbers up tomorrow.
Also look for a turn on Friday 10-31 at 2:00P.M.

 

[hwsteele]

Today was a very nice move up!
Wednesday still shows to be a pivot day so we may see prices go higher tomorrow and then down late in the day or all day Thursday.
Or we could just have a reaction day tomorrow and go down 60 points for the day.
Here are the main pivot numbers for the SPX as of 10-29-08
782
821
832
860
881
895
939
985
1000
1030
1060
1073
1120

 

[hwsteele]

Today did turn the market after a run up. In the last fifteen minutes of trading the market fell through the floor to close down just over 1%.
Friday again shows to be a pivot day.

 

[hwsteele]

Let's see if we get that turn tomorrow at 2:00. Again Friday does show to be a pivot day.

 

[hwsteele]

Wow it's been just a little while since my last post here...
I do believe after the pull back is done in the SPX we will see it go to at least 930.
955 and then 970 are the second and third targets.

 

[hwsteele]

We could very well see 820 or so before the market makes a bigger move up.