Through the Highs We Go January 6
Fri, Jan 6, 1:31 PM ET, by Corey Rosenbloom
Not to be outdone by this pesky sideways trading range, the stock market broke out to new all-time highs today.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market.
After two pullbacks (retracements), price surged to new all-time highs this morning.
This makes 2,270 our pivot point and 2,300 in play on an extended (short-squeezed) breakout event to start the new year.
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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