A potentially important top just above?  Yeah, I know you’ve heard it before — from a hundred gurus, relentlessly. But it sure looks like one. I should have noticed it earlier, but as is so often the case, the epiphany came while I was conducting a tutorial session for some recent graduates of my trading course.  Actually, we discovered two ‘Hidden Pivot’ resistances, six points apart, that, acting in concert, could show some hairy-knuckled stopping power.  Okay, the rally target at 1930.25 that I drum-rolled here yesterday got blown to smithereens by a short-squeeze imbued with headless-chicken power by panic and confusion over Draghi’s announced plan to deal with Europe’s little deflation problem.

These new targets are more compelling than the one at 1930.25, but I am not about to jinx them by billboarding them in a freebie tout that goes out each night to nearly 9,000 subscribers. However, I will divulge their location to anyone who visits the Rick’s Picks ‘Banter Room’ after 9:00 ET Friday morning. You can get a free pass to the room, and a free two-week trial to my service, by clicking here. No credit card necessary! When you get to the home page after signing up, just click on the ‘Chat’ tab up top, and then click ‘Banter’ toward the top of the page that comes up. Stick around if you’d like to join a virtual koffee clatch with the friendly, always-helpful bunch in the other room, Rick’s Saloon and Betting Parlor.  Hope to see you in the A.M.!