Market Surging Back to the Highs Update Feb 3
Fri, Feb 3, 12:51 PM ET, by Corey Rosenbloom
Jobs Jobs Jobs!
A positive reaction to this morning’s monthly Jobs Report sent the market surging back to the prior high.
Here’s today’s updated Emini (@ES) trading levels for your trades:
In the membership and on the blog, I highlighted the greater odds for another bounce up off the rising 20 day EMA on a bullish pathway toward the prior high… which is indeed what occurred this morning.
That was the main focal point for setting up the bullish game plan price is playing today.
Price also broke out of a Symmetrical Triangle I highlighted to members last night as well.
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).”
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