A technical view on the S&P500 and NK225 taking this week’s pivots into account. Based on pivot theory, bears have a WM3 – WM1 swing setup at market open which indicates risk off as we head into the week. Bulls will be paying careful attention to their prices at WPP and WM2. So risk off as we head into the end of Feb, a rally as we head into March and then Yen repatriation as we head into April?
Next up Gold.