Sellers did some damage to the hourly chart yesterday, opening a path to the 19.075 downside target shown, or perhaps to 18.930 if any lower. There will be a last-ditch opportunity for this vehicle to turn higher from 19.875, the Hidden Pivot target of a lesser pattern. Please be aware, however, that a rally first to its midpoint sibling, 19.875, can be shorted cautiously. For information about Rick’s proprietary trading system and the upcoming Hidden Pivot/Camouflage Webinar in April, along with a $50 discount coupon, click here.
March 27, 2014