Market conditions truly require intraday analysis of pivot and support and resistance. Use our online calculation models by signing on to the website: http://www.oexoptions.com to use the pivot point and Fibonnaci calculator to review changing market moves. This can make your trading more effective.
Market conditions of now typical 100 plus point moves necessitate this re-calculation to catch the shifting of the market.
Fibonacci shows 38%/62/50 Retracements. Support and resistance lines are often built around where the market first moves in this tightening. Pay careful attention to Retracements in relation to support and resistance lines. The 50% retracement area should be noted first for where these new support and resistance lines could be created.
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