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Bulls Turn Stocks Higher with a Vengeance

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 29 March 2017 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2017/03/ES-impulsive-thrust-left-little-doubt-1.jpg

Tuesday’s ballistic surge reamed bears a new orifice. It also left no room for doubt about which direction the futures will be headed for the remainder of the week. Accordingly, I will now ask you to consider a rally pattern that implies new all-time highs are coming, probably within the next 7-10 days. If the 2439.00 target is reached, that would equate to a Dow rally of about 800 points. There’s always a chance the 2378.38 midpoint pivot (see inset) will stop the rampaging herd in its tracks. But I wouldn’t bet on it. Instead, we’ll focus on buy-side opportunities in the days ahead, using the green, red and pink lines as needed to set up some low-risk entry triggers. Stay tuned to the chat room for guidance in real time, since there are more than a few Pivoteers who will know how to make hay with such a promising picture. If you don’t subscribe but would like to join great traders from around the world in the chat room, click here for a free two-week trial subscription. You’ll also receive actionable trading ‘touts’ and invitations to frequent ‘impromptu’ sessions where Rick ‘takes requests.’


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 -- Published: Wednesday, 29 March 2017 | E-Mail  | Print  | Source: GoldSeek.com

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