Why the Recent S&P High Deserves Our Atttention

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 Recent Commentary - [DXY – NYBOT Dollar Index (Last:101.18)]( - [The Yellow Flag Is Out]( - [Yellen’s Idea of a Heated Economy]( - [With AMZN’s Effortless Recovery, the Smart Money Is Ready to Rampage]( - [Bull Trades in Gold, Silver and TLT]( - [Inflation Ahead? Yeah, Sure.]( - [A Tone Change in Long-Term Rates?]( - [Bullion Looks Poised to Leap]( - [Where Have All the Contrarians Gone?]( - [Fade the Non-Farm-Payroll Lunatics]( - [Short Into This Craziness?]( - [Is the Selloff Just Another Fake-Out?]( Rick's Pick for Thursday Recent S&P Top Warrants Caution Posted Tuesday, June 6, at 6:30 p.m. ET Wednesday’s selling bottomed three ticks above the 2423.25 target where we’d intended to bottom-fish, denying us an opportunity to catch the 10-point bounce that followed. The bounce was technically unimpressive and inconsequential, even if the day ended with a slightly bullish bias for the very near-term. Take a few steps back, however, and you can see a bigger picture (inset) that provides reason for caution. Specifically, last week’s record high occurred almost precisely at the 2439.00 Hidden Pivot resistance shown. An upward reversal and stab through it would be very bullish, especially if it were to occur by week’s end. However, for the time being we should presume that the futures will need a rest of at least 3-5 days before they can try to muscle their way past a target that took four months to reach. Yes, the recent peak could mark the start of The Big One. But given the fact that the bull has been charging hard for more than eight years, odds are against it. If you don’t subscribe, [click here]( for a free two-week trial that will allow you not only to view the tout, but to enter the Rick’s Picks chat room, where great traders from around the world gather 24/7. [follow on Twitter]( || [forward to a friend]( Copyright © 2017 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]( [unsubscribe from this list]( | [update subscription preferences](