Weakness Looks Merely Corrective

by Rick Ackerman

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.

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