[Soultrader]

On Thursday Oct.12th, we saw the markets break out of consolidation and establish a higher value placement.

On Friday the 13th, we established an overlapping value. This may indicate price acceptance in this new zone. The late afternoon rally pushed prices above the critical 12000 mark to close bullish for the day and week.

The markets also closed above Thursdays high. Premarket action will be interesting to watch to see if price is further accepted at these levels.

There are a couple pivot point cluster zones that I will be looking at.

12050: monthly pivot
12020: Thursdays high and Fridays close cluster. Will be an interesting level
12000: value high pivot, daily pivot, and pysch level. Ultra key.
11960: weekly pivot and Friday low cluster. Will act as key support
11940 Thursday low and open gap