Straight Back to the Highs Nov 17 Emini Update
Thu, Nov 17, 2:21 PM ET, by Corey Rosenbloom
We’re back into the 2,180 prior high target and plotting our next move along with the market.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We saw a shallow, sideways pullback after a series of negative divergences, though buyers found support and acted at the 2,155 @ES Level.
The market has been relatively stable within the current rising trading range.
However, today should give us a big clue if we should continue playing bullishly for a new “short-squeeze” breakout, or continue our “cautious into resistance” game plan.
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Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).” alt=”" width=”630″ height=”518″ />
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