Financial Market Pivot Theory
Previous session extremes define Floor Pivots. Closing above PP creates positive bias; crossing counter-bias triggers fierce moves.
Pivot Point (PP)
118.57
Resistance 1 (R1)
121.13
Support 1 (S1)
116.63
Pivot Thesis: Spot price ($119.80) trades above Pivot ($118.57). Calculated downside risk to S1 is 2.46%. Bullish posture holds unless PP breaks with volume.