Photo by Spencer Platt Getty ImagesThe Dow Jones Industrial Average, S&P 500 and Nasdaq Composite set all-time intraday highs on February 6. Its 12x3x3 weekly slow stochastic reading declined to 81.41 last week, down from 86.78 on January 31. A pivot is a value level or risky level that was violated within its time horizon. These levels are modified to a fast reading and a slow reading and I found that the slow reading worked the best. The stochastic reading scales between 00.00 and 100.00 with readings above 80.00 considered overbought and readings below 20.00 considered oversold.

Source: Forbes February 09, 2020 16:07 UTC