A New Emini Range at the Highs January 5
Thu, Jan 5, 2:31 PM ET, by Corey Rosenbloom
The market has a bullish beginning to 2017 but right now, we’re seeing a return to an old trading range.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,270.
Yesterday gave us a clean T3 Trend Day higher that reversed just shy of our 2,270 @ES level.
For now, we’re noting price trade between the prior range boundaries between 2,251 and 2,269 as highlighted.
If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
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).”
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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