Tuesday’s strong rally topped to-the-exact-tick at a 2045.75 target I had posted in the chat room 25 minutes before the opening.  Judging from posts in the room during the day, at least a few subscribers were able to make hay with the target, a minor Hidden Pivot. I am not establishing a tracking position, however, because the S&Ps have been too squirrely. This may seem like a contradiction, since we were able to nail most of Tuesday’s swings almost to the penny. But that’s because the charts we used bore valuable price information that had accumulated overnight. My end-of-the-day advice was to cash out — in this case for as much as a $750 profit per contract. As we attempt to repeat our success on Wednesday, the best way to stay apprised in real time will be to monitor the discussion in the chat room. It’s the best I’ve seen in a while, drawing quite a few active traders who know how to use the Hidden Pivot Method and who have been sharing timely ideas generously.

Looking just ahead, although the futures have rallied 62 points off Monday’s low — equivalent to 500 Dow points — it’s just a lot of noise, technically speaking. Bulls will need to push above prior peaks at 2058.75 (12/10)  and 2071.75 12/9) before the rally becomes worthy of our attention. DaBoyz are surely going to attempt it on a day when the Fed blatherer-in-chief, Janet Yellen, flaps her yap. It’s bound to be crazy, so if you’re looking for entertainment — and opportunity — come join us at ringside! Click here for a free trial subscription that will allow you to access the chat room, Rick’s daily touts and intraday alerts, and ‘impromptu’ analysis sessions online for two weeks.