Rallies to Nowhere

Today's updates from Rick's Picks. You are receiving this email because you signed up for daily updates at www.rickackerman.com Is this email not displaying correctly? [View it in your browser](. [Follow on Twitter]( [Forward to a Friend]( The Hidden Pivot Seminar "Trading success is only six hours away." Learn Rick Ackerman's risk-averse Hidden Pivot Method and never trade the old way again. -------------------------------- “...I am pinching myself to be sure I am not dreaming. I am more confident every day with the HP approach. I am making money... I am able to escape the screen if I so wish. I do not end the day stressed and hyperactive. Impressed? I am absolutely knocked out - just wish I had found the site years ago. Best wishes, long may you continue.”- David Ivory --------------------------------------------------------------- - [North Korea Is on Investors’ Radar]( - [How Long Can Mr. Market Waffle?]( - [One-Decision]( Are Too Enticing to Shun for Long]( - [Over-Under Bet for a Holiday-Shortened Week]( - [‘Seasonality’ Takes a Licking]( - [Pre-Holiday Hijinx]( - [Is ‘Matt’s Curse’ About to Doom Stocks?]( - [Nasdaq Produces a Rare Profit for Shorts]( - [AMZN Glowers at Bears]( Rick's Pick for Friday Rallies to Nowhere Published Thursday, June 28, 8:32 p.m. EDT I’ve cautioned that rallies are starting to feel more distributive, but that’s surely not what was going on today. Rather, sellers spent several fruitless hours pounding away at a ‘midpoint support’ at 2693.75 that lay eight points beneath the previous day’s close; then they gave up. The result was a moderate short-squeeze that looks likely to test the 2748.00 peak that capped Wednesday’s nasty surprise. From a technical perspective, that would amount to rally to nowhere even if the peak is exceeded. But the longer-term chart featured here today shows what it would take for bulls to have something to feel good about. Specifically, they would need to generate a spike that takes out the two numbered peaks; moreover, once peak #1 has been exceeded, there could be no pause until #2 has been bettered as well. That would put the futures on-course for a run-up as high as 2997.75, a Hidden Pivot target equating to around Dow 27,000. I am skeptical this is about to occur but always willing to keep an open mind. If you don't subscribe to Rick's Picks, just [click here]( a free two-week trial. It will give you instant access not only to the chat room, but to actionable 'touts', intraday alerts, ‘jackpot’ bets using super-leveraged options and impromptu ‘requests’ sessions online. [follow on Twitter]( || [forward to a friend]( Copyright © 2018 Hidden Pivot Enterprises, All rights reserved. You're receiving this email because you requested that our Daily Commentary be emailed to you. If you don't wish to receive further mailings, please use the unsubscribe link at the bottom of this message. Our mailing address is: Hidden Pivot Enterprises PO Box 270646Louisville, CO 80027 [Add us to your address book](//Com.us1.list-manage.com/vcard?u=822f57272edf2c46e4f77a7be&id=ca89ff5d33) [unsubscribe from this list]( | [update subscription preferences](