A Precise Target If SPX Is Goosed

July 21, 2017

A rally with exactly 40 points of potential — equivalent to about 320 Dow points — looms if the futures are going to fulfill the 2512.00 Hidden Pivot target shown. However, the move through the midpoint pivot at 2457 was labored, implying that a quick ascent to 2512.00 is somewhat unlikely.

Accordingly, we should be ready for a ‘surprise’ reversal, which would begin to look menacing if it exceeds 2448.00 to the downside. 

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The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”