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It's Official: The Trump Rally Is AWESOME!

By: Rick Ackerman, Rick's Picks

 -- Published: Thursday, 2 March 2017 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2017/03/Odds-are-overwhelming.jpg

The Trump Rally has entered the realm of Awesome, so steady and steep that it could conceivably provide a fitting blowoff for the most spectacular U.S. bull market of them all.  That’s what we’ve all been waiting for, right?  For sure, it will happen, but probably not before the E-Mini S&PS climb at least to the 2478.00 target shown. That would put the Dow at around 21,700.  I have viable targets all the way up to around 25,000, but we’ll take them one at a time, since the rally could end suddenly and at any time, presumably in a way that will take most investors by surprise. We bought a few DIA puts intraday at an ostensibly promising and significant Hidden Pivot resistance, but the Indoos shredded their way past it, leaving the options we’d purchased for 1.00 within 15 cents of being stopped out at 0.50. The pattern shown has strong confirmation in the precise dance at the 2353.00 midpoint pivot; moreover, the way in which this erstwhile impediment has been left in the dust puts the odds of a move to 2478.00 at around 90%. Trade it if you dare, but don’t get in its way. If you don’t subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.


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 -- Published: Thursday, 2 March 2017 | E-Mail  | Print  | Source: GoldSeek.com

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