Even though stocks were heavy on Friday bulls deserve the benefit of the doubt, since there are higher Hidden Pivot targets outstanding in the Indoos and the S&P 500. Following a tad more corrective action, the latter can be bought ‘counterintuitively’ using the pattern sketched in the chart accompanying the current E-Mini S&P tout. Although gold futures are trading higher Sunday night, I don’t expect them to get very far as long as stocks remain buoyant.
RICK’S PICKS
This post was published at Rick Ackerman on Sunday, April 10, 2016.
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