Hi all
My first post here
I add the pivots to my charts from this site. 2 charts are CL & GC. I find them pretty strong indicator of where things could go, stop, reverse or just slow down.
My question is
is there any significance to the pivot movement up or down? As an example if a pivot yesterday was at 98.20 and today it moved up to 99.10 is there anything to think about that ALL of the pivots went UP from the day before?
Thanks
david