A key aspect of Hidden Pivot analysis holds that if a rally target is exceeded easily, the uptrend should be presumed bound for a target of still-higher degree. In my latest tout for the E-Mini S&Ps, I’ve flagged a minor target that lies 25 points above Monday’s high. It seems likely to be achieved, but I will wait until this happens before I wax confident about even higher targets. Even so, the chart included with today’s tout shows that, in the context of a longer-term uptrend, a key resistance has already been exceeded, auguring prices well above the 2809.75 target featured here lately. Moreover, the major resistance was overcome so easily that the lesser one at 2809.75 seems likely to get demolished, whether it takes hours, days or even weeks. For now, we’ll simply observe (and trade when opportune), letting the futures tell us very clearly what they intend.
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
Tuesday, March 13, 2018
The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.
Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, March 13. Click below to register or get more information.
Altogether Now: ‘One…Two…Three…’
Watching the Tide Roll in…or Is It Out?
Is That a Black Swan Gliding Our Way?
AMZN Will Not Mislead Us
A Tone-Change on Wall Street?
Bulls Not So Bold as They Seem
800-Pound AMZN Gorilla About to Meet Its Match?
Get Used to Tariffs Being Topic ‘A’
Watch Boeing for Market Clues
Has Smoot Hawley Returned with a Vengeance?