[Soultrader]

Anytime you have pivots lining up with each other, they create a high probability trading opportunity.

Some key levels I will pay attention to are: value high, value low, daily pivots, previous day high/low, and open gaps.

On Sept. 1st 2006, the Dow mini gapped up above a critical resistance level and above value. This indicated a positive shift in market sentiment. As you can see, the value high pivot and the open gap is pretty in line with each other.

This level offered a great trading opportunity and the dead low for the day. Anytime the markets gap up above value, I will use the value high pivot as support to establish a long position. This is usually a high probability trading level.