Bulls Turn Stocks Higher With A Vengeance

March 29, 2017

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.

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