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A Precise Target If SPX Is Goosed

By: Rick Ackerman, Rick's Picks

 -- Published: Friday, 21 July 2017 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2017/07/ESUs-labored-move-past-p.jpg

A rally with exactly 40 points of potential — equivalent to about 320 Dow points — looms if the futures are going to fulfill the 2512.00 Hidden Pivot target shown. However, the move through the midpoint pivot at 2457 was labored, implying that a quick ascent to 2512.00 is somewhat unlikely. Accordingly, we should be ready for a ‘surprise’ reversal, which would begin to look menacing if it exceeds 2448.00 to the downside.  If you don’t subscribe, click here for a free two-week trial that will allow you to enter the Rick’s Picks chat room, where great traders from around the world gather 24/7.

 


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 -- Published: Friday, 21 July 2017 | E-Mail  | Print  | Source: GoldSeek.com

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