My email address is listed in the right hand column, but may be a little hard to find. It is charlesinvestor@gmail.com
Today's Point of Control is 1118.50.
There can be many support and resistance points that traders focus on. Some are yesterday's high/low, the overnight high/low, the 0930 ET open, yesterday's Point of Control and so on. The market doesn't have to reverse at these points, but the potential exist for reversals at these points. One point that is usually consistent is that if the market trades through one of these points, many times it will retest that point again. Typically, the market will bounce off these points on the first test. You can see that on the chart above. It's not 100%, but better than 50%.
Charles
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