Bulls Turn Stocks Higher With A Vengeance

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.’