I jumped the gun when I flagged a bearish target at 1082.70 yesterday morning before another at 1090.00 had been breached. That last number, a Hidden Pivot support, not only survived, it birthed a promising rally that was continuing into the early evening. The rally will become more than merely promising if and when it exceeds 1109.75, breaching the look-to-the-left peak shown in the chart. Thereafter, we could expect clear sailing to at least 1120.60, the midpoint pivot of an uptrend begun on February 25 from 1088.80.
Trading Newsletter for Gold, Silver, Stocks and Mini Indexes
About Rick’s Picks
Rick's Picks publishes stock, commodity, and mini-index trading recommendations and forecasts based on a proprietary technical analysis method that took more than ten years to develop and hone. Get a free trial of Rick's Picks and see for yourself why Rick has such a dedicated, worldwide following of active traders.
-
Hidden Pivot Method Online Training
The next Hidden Pivot Seminar will be held Feb. 29th - Mar. 1st.. This two-day online event will teach you Rick Ackerman's risk-averse Hidden Pivot Method. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others.
Register before 2/17 and save $50. Use coupon code: 7D5629.
Read what a recent grad had to say. Additional questions? See our Hidden Pivot Seminar FAQ. -
-
Follow Rick’s Picks Via
Comments on this entry are closed.