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A Precise Target If SPX IsGoosed

IMG Auteur

Published : July 21st, 2017

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Category : Opinions and Analysis

A rally withexactly 40 points of potential — equivalent to about 320 Dow points — looms if the futures are going to fulfill the 2512.00 Hidden Pivot target shown. However, the move through the midpoint pivot at 2457 was labored, implying that a quick ascent to 2512.00 is somewhat unlikely. Accordingly, we should be ready for a ‘surprise’ reversal, which would begin to look menacing if it exceeds 2448.00 to the downside. If you don’t subscribe, click here for a free two-week trial that will allow you to enter the Rick’s Picks chat room, where great traders from around the world gather 24/7.

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IMG Auteur

Rick Ackerman 13 abonnés

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Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.

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