So what are Pivot Points? From back in the old Chicago Futures Pit Brawler/Trader Days they were too busy giving and taking elbows and shouting orders to play with slide rules or early calculators so they calculated PIVOT POINTs with Support S1-S4 and Resistance levels R4 to R1 in their heads from previous Day's and Week's close.
The key to pivots is if the market is trading below the Pivot Point the Bears are in control and if above a Pivot Point the Bulls are in control - simple tool easy to memorize to make sure Pit Traders did not make dumb trades and lose their shirts.
And of course, S1 to S4 and R1 to R4 are key support and resistance levels calculated mathimagically.
All you need to know about Pivots:
https://www.mypivots.com/investment-calc...calculator (See Formulae)
And the Barchart.com Trader's Cheat Sheet for the ESZ2018 Dec Emini Futures contract:
https://www.barchart.com/futures/quotes/...eat-sheet#
The key to pivots is if the market is trading below the Pivot Point the Bears are in control and if above a Pivot Point the Bulls are in control - simple tool easy to memorize to make sure Pit Traders did not make dumb trades and lose their shirts.
And of course, S1 to S4 and R1 to R4 are key support and resistance levels calculated mathimagically.
All you need to know about Pivots:
https://www.mypivots.com/investment-calc...calculator (See Formulae)
And the Barchart.com Trader's Cheat Sheet for the ESZ2018 Dec Emini Futures contract:
https://www.barchart.com/futures/quotes/...eat-sheet#