The futures are up the equivalent of about 70 Dow points late Thursday night, having pushed past a 2053.25 target that I'd flagged in the chat room intraday. It took about 90 minutes of head-butting for buyers to accomplish this, but the payoff could come in the form of a rally Friday to 2069.00 or higher. That’s a Hidden Pivot resistance, and traders should consider its attainment an odds-on bet if this vehicle pushes past the 2057.75 midpoint pivot.  Night owls can try a mechanical entry after the futures have traded 2059.75 or higher. A pullback to 2057.75 could be bought ‘mechanically’ with a stop-loss at 2054.00. If you use the 'camouflage' technique instead, you can step up the size. Take a free trial subscription that will allow you to access not only the touts, bulletins, updates and impromptu trading webinars during market hours, but a 24/7 chat room that draws veteran traders from around the world.

| Digg This Article
 -- Published: Friday, 27 March 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus
Previous Articles by Rick Ackerman