It can be used in conjunction with the Stochastics and RSI because both of those use the close in the equation. Since it involves a lower-close, it will often show up as a divergence on the Stochastics and RSI chart. So, if you don’t want to look for patterns, you can just watch those indicators.The SPX hit a new record at 7175.84 and the minor pivot at 7111.20 moved up. That’s first support. I call that my trailing 50% level because it moves every time a new high is formed. It’s a key area for technical bo ...