A quick looks at the XJO Monthly pivots.....R3 5,326.67midpoint...

A quick looks at the XJO Monthly pivots.....

R3 5,326.67
midpoint 5,197.67
R2 5,068.67
midpoint 5,021.00
R1 4,973.33...immediate target
midpoint 4,892.00
PP 4,810.67...Critical point in a correction
midpoint 4,763.00
S1 4,715.33
midpoint 4,634.00
S2 4,552.67

I prefer the Monthly data for a broader view of how we are going, however as shown yesterday, Daily is relevant as well....

If 4973 is touched, it will mean a new temporary high is in place so most shorts will have covered.....

Should be time for a decline, be it only minimal...



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I posted the above on Friday morning.....so far playing out fairly well......

So where to from here.....

Today's action is very Bullish, with 4973 appearing to now act as Support.....

If this is the case...... R2 @ 5068 should be tested fairly quickly

Yes....on target for XJO 5300 by March end......