Automated Trading Profit > Daily Credit Summary: February 1 - Volcker Off Risk On

[Wealth.net] Our pivot point analysis suggests intraday resistance at 572.16bps in HY, and breaking support at 559bps or resistance at 587.22bps as significant, with the index trend bearish (based on pivot point moving average changes), shifting wider by 0.57bps per day over the last few days. On a short-term basis (based on the last 5 days trading), we see 574.25bps as a critical pivot point for HY with 600.18bps, 616.88bps, and 633.57bps as important resistance levels, and 557.56bps, 531.62bps, and 514.93bps as important support levels.On a short-term basis (based on the last 5 days trading), we see 574.25bps as a critical pivot point for HY with 600.18bps, 616.88bps, and 633.57bps as important resistance levels, and 557.56bps, 531.62bps, and 514.93bps as important support levels.

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