Hooves, Don’t Fail Me Now!

by Rick Ackerman

The S&P 500 Index is closing on new record highs with such steadfast determination that the Almighty Himself probably couldn’t thwart the Big Event.

Six straight quarters of declining earnings certainly didn’t do it, and that’s why bulls are probably bolder than ever at these airless heights.

We’ll treat the impending rally as we always do, looking to grab a ride to a promising Hidden Pivot target while preparing to get short — very tightly stopped — at same.

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