Pivotal Moment

The ETF FAS today gaped up beyond $72 and ended the day just above it as shown on graph above. Some technical indicators I use daily are pivot line- yellow line, upper and lower bollinger lines- gray curves, daily vwap- blue line, and weekly vwap- purple line. Very interesting that the daily pivot line was set at $71.48 and right around 3:20PM EST the lowest point FAS reach was $71.30. Note today was FED annnoucement which had really little effect on the finincials and even the downward momentum was paused at the pivot line. If only I had the courage to purchase the stock at about $71.50 as it pushed up against the pivot line. Dang. Maybe next time.