Ugh, bearish action today. I must admit, the two times I have been really off from the start of this pivot site have been this month when several indexes jumped back above all pivots on 12/4 and 12/16 only to give it all back in the next day or two. The December pivot is just not acting like the November pivot (low of month and perfect buy) nor the October pivot (buying the breakout above was a huge score).

SPY is back to no man's land under the DecP and more important 2HP, while above the YP and Q4P. DIA also gave back its DecP and 2HP; and market leader QQQ did not hold the DecP either, despite being the 2nd time above this month.

That said, if really following the pivots, you'd also have profitable shorts in oil with USO (below all pivots from 11/4), XLE recently added (below all pivots from 12/4), gold via GLD or GDX (almost all below all pivots from 11/3); then other global index ETFs such as FXI (below all pivots from 11/23), EEM (below all pivots from 11/27), PIN (below all pivots from 11//4), and perhaps a bit on EWZ although that has been stabilizing recently.

Will it be gifts or a lump of coal for USA indexes? We'll see! Also with only 9 trading days left in 2015, I'm eager to see how 2016 pivots are shaping up. More on this soon in a blog post.