Basic pivot analysis evaluates a stock, market average, or ETF as positive if it is trading above its pivot level. Last January, I conducted an analysis of the 2019 price ranges and found they correlated very nicely to the yearly pivot levels, and provided a pivot analysis for 2020. SPY Weekly Tom Aspray - ViperReport.comIn StockCharts.com, if one adds pivot levels to either weekly or monthly charts, it produces a chart with yearly pivot levels. The weekly chart above goes back to July 2018, with the yearly pivot levels for each year. With the year-end close, you will note that all four markets are more than 15% above their yearly pivot levels for 2021.

Source: Forbes January 01, 2021 21:11 UTC