Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Dow
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 20 2018
By: Ira Epstein

Silver's Key Resistance
By: Craig Hemke

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

Why Now Is the Perfect Time to Be in Gold and Silver
By: Jeff Clark

Update On the Gold/Silver Ratio
By: Mike Maloney

Chris Powell: Governments Are LYING about Their Gold Activities while Mining Companies Cower
By: Mike Gleason

Gold's Golden Week
By: Stewart Thomson

SWOT Analysis: Gold Traders Overwhelmingly Bullish in Bloomberg Survey
By: Frank Holmes

New Low in Gold Stocks is a Strong Buy Signal
By: Jordan Roy-Byrne CMT, MFTA

 
Search

GoldSeek Web

 
Turkish Coup Just Another Buying Opportunity

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 18 July 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/07/ES-push-past-p-has-shortened-odds.jpg

Odds of a run-up to as high as 2313.50 shortened last week when the futures speared a 2147.50 ‘midpoint Hidden Pivot resistance’ associated with the target (see inset). Although the breach amounted to a relatively moderate 20 points, it was sufficient to imply that the target, along with a secondary one at 2230.50, be taken seriously, especially by traders and investors skeptical that the bull market could have so much life remaining. If the target is achieved, it would equate to a Dow rally of about 1300 points. The potential silver lining for permabears is that the 2313.50 pivot is a major resistance that could conceivably put the kibosh on a bull market currently in its 89th month. Even if not, it still looks extremely likely to produce a substantial correction that would be tradable. More immediately, a target at 2194.00 previously identified here can serve as our minimum upside objective for the next 4-7 days. The failed Turkish coup is unlikely to change that, notwithstanding the fact that index futures tanked at the bell Friday on initial reports that Erdogan, Obama’s and the Muslim Brotherhood’s favorite dictator, had been deposed. Visit our 24/7 chat room and share timely ideas and real-time results with great traders from around the world. Click on the link for a free trial subscription

 


| Digg This Article
 -- Published: Monday, 18 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.