About a year and a half ago we signed up for a service from PivotFarm to gain access to their statistical research at what the time was several different markets. Over the past year, those markets grew to 12 different markets and it is a report that we continue to access throughout the trading week. Given the large drop from the Non Farm Payroll report, the market is creeping into territory that it has not visited in the past several weeks so we thought it might be helpful to share part of their research with you today. You can view the Confluence Power Zones that PivotFarm puts together using several different methods of support and resistance. To enlarge the picture below, please click the image:
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