Today's Pivots

[waggie945]

I just don't find it very useful at all to use volume in the S&P futures or Bond futures when I am trading intra-day.

Sure, I was on the floor too, and as a local you could see the volume trade at various prices . . . Yet, I think that because of the synthetic and secondary nature of the S&P futures to the actual cash market SPX, it really doesn't give you the kind of information that it would in a Primary commodity market like in Beans, Corn, Wheat, etc.

 

[harrytrader]

I agree: volume is secondary to price.

Quote from waggie945:

I just don't find it very useful at all to use volume in the S&P futures or Bond futures when I am trading intra-day.

Sure, I was on the floor too, and as a local you could see the volume trade at various prices . . . Yet, I think that because of the synthetic and secondary nature of the S&P futures to the actual cash market SPX, it really doesn't give you the kind of information that it would in a Primary commodity market like in Beans, Corn, Wheat, etc.

 

[trader56]

Thanks Waggie,

I can see how that might be less useful in the S&P with all the hedging, etc.

Appreciate your response!

 

[Maverick74]

Hey Wags, what are the long term pivots for the S&P right now?

 

[Maverick74]

OK, apparently my last post was written in invisible ink. sorry about that. I'll ask again, Waggie, what are the long term pivot points for the s&p right now?

 

[waggie945]

Sorry buddy, but I have been trying to cut down my posts on ET.
It appears to be a much more productive use of my time.

Weekly S&P Pivot for March Futures:

1129.00


Monthly S&P Pivot for March Futures:

1130.90

 

[macal425]

Quote from Maverick74:

OK, apparently my last post was written in invisible ink. sorry about that. I'll ask again, Waggie, what are the long term pivot points for the s&p right now?

Maverick

Here's a site that gives weekly and monthly pivots for the various futures. I think it was Scientist who first posted this here. If nothing else, it's a good way of double checking your own calculations.

http://216.15.254.15/index.cfm?Showtemp=s/PivotsTable.cfm

 

[harrytrader]

Now Bullish Inverted structure on scale 3 see
http://www.elitetrader.com/vb/showthread.php?s=&threadid=24706&perpage=6&pagenumber=9
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=425401>

Quote from harrytrader:

For Dow
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=420490>
I'm angry because it is undershot by 2 points instead of overshot by 2 points. Generally it is rather overshot.

 

[plumlazy]

Dag gone Harry - your charts are as abstract as you are

 

[Maverick74]

Quote from macal425:

Maverick

Here's a site that gives weekly and monthly pivots for the various futures. I think it was Scientist who first posted this here. If nothing else, it's a good way of double checking your own calculations.

http://216.15.254.15/index.cfm?Showtemp=s/PivotsTable.cfm

Thanks macal.