tablenew TomAspray-ViperReport.comThe stock market slide only lasted two days, though, as the major averages closed the week well above their lows. When a market average drops sharply, it is important to have an objective method of assessing support levels. In July, I covered quarterly pivot analysis and how to find and watch pivot levels. Monthly pivot levels are based on the prior month’s high, low, and closing price. In reviewing the action before the stock market opened on Wednesday, December 4, I noted that many stocks were oversold and had reached key price levels for a rebound.

Source: Forbes December 08, 2019 21:33 UTC