This week could be pivotal for the DOW. It's just endured its...

This week could be pivotal for the DOW. It's just endured its biggest falls since 1987. Pivot points are very powerful signals when they occur during a strong up trend or a down trend. This weekly chart above shows that this week needs to close above last week's high of 9895 before the pivot point is complete. Then you need to switch to a daily chart, wait for the pull back and then a closure above the high of the bar with the lowest low - that would be a good entry point.