Trading Globex Pivots

The chart above shows Globex pivot values from the Dow (YM) Emini Futures 15 minute chart. The chart shows January 22nd and January 23rd Globex pivots. On most trading days, when markets trade through Globex lows, it strongly suggests a weaker market, and when markets trade above the Globex highs it suggests a stronger market. On January 22nd, YM traded below the Globex low during the first hour at 12600 and traded all the way to a low of 12500. On January 23rd, YM traded above the Globex high during the first hour (above Globex pivot 12540) suggesting higher values for the rest of the day.

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