Floor Trader Pivot Levels

Floor Trader Pivot Levels (left click FTP button for ON/OFF) – (right click to remove a target box)

 

There are some very interesting market reversals that occur intraday due to the following of these FTP levels so it is important that they be monitored especially when they coincide with EW levels or Globex highs and lows that reversed the pre day session activity. Nevertheless they generally act as a market trend indicator. Basically the P-FLT is fair value and S!, S2 are viewed as support levels whereas R1 and R2 are viewed as resistance. Mostly the days trading range will be confined between the S1 and R1 but should they break it is evidence the market could move much lower or higher as the day unfolds.