Market Internals and the New Pullback from the Highs Feb 14
Tue, Feb 14, 11:41 AM ET, by Corey Rosenbloom
The uptrend continues! And continues… and continues. Until today’s pullback at least.
Internals have diverged with the breakout and today gave us (at least) an initial pullback from the new high.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Here’s a quote to reference from Monday’s member report:
I’m really getting concerned about the stretched market and negative divergences. BE READY and willing to play short against three trend days.
For today’s session, we’ll focus on the 2,320 @ES level and play bearishly toward 2,310 if beneath it.
Otherwise, if this pullback this morning is all we get, we’ll play again with the bulls on another break to new highs.
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: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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