Today and tomorrow are Near Impulse dates for
the major indices and trend change warnings are flashing on all daily
charts. I expect a low pivot and upward movement out of this
pivot.
Experience has shown that less likely
alternatives are a change to sideways movement or an acceleration to the
bear trend. Right now this is shaping up as a low range day so if it
continues, low risk entry points should be available tomorrow.
Jim White
Pivot Research & Trading
Co.
PivotTrader.com