Monday, May 6, 2013

Woodie's Pivots for the Week

Here, notice on the 1597 Tick chart, price has continued to oscillate back and forth around it's linear regression curve for the five day period. Currently price has gone under both the 25 period LSMA, or Least-Squares Moving Average, and the 34 period Exponential Moving Average. Woodie's Pivot for this week is at 1601.13. Woody CCI has printed a extreme reading. Every time this has happened in the past five days, it is been a good indicator of a reversal (stay tuned for Option Expiration Pivot Levels and also Monthly Pivot Levels).