8 Minute Read

Tackle Today: Follow the Pivots

October 18, 2022

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«Pivots bring order to the chaos.»


Chart reading doesn’t have to be complicated. You don’t have to follow a dozen indicators or spend ten minutes dissecting all the data. Instead, consider focusing on the pivots only. They define the trend while revealing momentum.

▶ If the pivots are rising, the trend is up.

▶ If the pivots are falling, the trend is down.

Successful traders enter trades as close to each pivot as they can. In the chart below, I identified the last three lower pivot highs that formed in SPY. The first down bar that confirmed each pivot was the ideal time to deploy new bear positions.

When a downtrend is in place, each decline has three potential outcomes. They either result in lower pivot lows, equal pivot lows, or higher pivot lows. The first is bearish. The second is neutral. And the third is bullish. Great chart readers know how to spot the pivots and heed their messages.

Video Of The Day: Gino’s Gems – Covered Call ETFs

In today’s Gino’s Gems, Coach Gino Poore talks about Covered Call ETFs (Specialized ETFs).

Chart of the Day: Pivots

Chart of the Day: Pivots

The past three pivot highs signaled smart times to enter bears.

Tales of a Technician

The State of the Market

In today’s video, I walk through one of my favorite weekly briefings touching on what’s going on in the world of economics, finance, and the markets. I bet you’ll learn something new!

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

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