This week’s commentary, Predictions for 2015 and Beyond, mentions a 19457 target for the Dow Industrials. This Hidden Pivot resistance is shown in the accompanying chart, and although I didnt’ notice it earlier, the very sharp, precise pullback from the 17399 midpoint pivot corroborates the target itself. It would also be a logical places to attempt bottom-fishing on a pullback, although I’d suggest using the ‘camouflage’ technique to limit entry risk. If you’re unsure about how to do this, stay tuned to the chat room, where I’ll be providing real-time guidance if the Indoos should retrace to the red line.
