Natgas broke through the Fibonacci yearly R1 pivot, which was resistance earlier this year. Now that becomes support and the traditional / floor traders Yr1 pivot @ $3.47 is the next target. Pivotalpivots.com
The DJIA last week, fell 1,500 points after testing the Yearly R1 pivot point. The BIGGEST reversals happen at the YEARLY PIVOTS! The Yearly (P) point gets tested 80% of all Years. Perhaps R1 to the P in 2021?
This past week, the TNX fell to Demarks monthly low pivot point. Since the S1 pivot held, TNX should go up the the monthly R1 pivot or retest the Yearly r1 pivot. That would be bearish for tech stocks.