back to basics and the July Monthly Pivot data
R2 4,253.33
midpoint 4,213.50
R1 4,173.67
midpoint 4,126.50
PP 4,079.33.....today is moment of truth
midpoint 4,039.50
S1 3,999.67
midpoint 3,952.50
S2 3,905.33
the Monthly Pivot......will the Bears win......or will the Bulls rally and rebuff the Bears......
today will give us the answer.......
Midpoint 4213...or close enough.....was our recent high....
the action since has not been a confidence builder for the Bulls with R1 proving to be of little support on Monday......and yesterdays action consolidating around the Midpoint 4126 area......
If the PP capitulates..... well maybe time to head for the bunkers......until it appears safe to return.....
no one home wednesday, page-4
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