Key Numbers for This Week
Monday, January 11, 2016 8:30
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by Rick Ackerman
RickAckerman.com
DaBoyz have had to take the E-Mini S&Ps down 18 points Sunday night to dry up sellers, but I doubt the so-far low they’ve engineered at 1893 will hold. If it fails, there’s a precise Hidden Pivot support identified in today’s E-Mini tout where we might look for a bullish turn. As always, however, an easy breach of such an important technical level would be warning of significantly lower prices to come. If sellers romp this week and send the futures down to 1817, my worst-case target for the near term, it would equate to an 800-point drop in the Dow.
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