Sharp Down but Fast Up Emini Pullback Update Feb 24
Fri, Feb 24, 11:31 AM ET, by Corey Rosenbloom
And the plot thickens!
Stocks pulled back for a second time this morning, gapping lower but then recovering the gap within the first hour.
Not only was this similar to yesterday’s session but it’s somewhat similar again to February 16th’s pullback.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Here’s our key planning quote from last night’s strategy plan for members:
“We’re getting ready for a HIGH PROBABILITY PULLBACK.
“This market is running on borrowed time before a steeper pullback – see Daily Chart – occurs.
We’ll be ready for it and will trade a move down away from 2,360 toward 2,340.”
So far, that’s precisely what’s occurring right on schedule as was the case with yesterday’s plan.
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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SDI Glossary: "Trend" Definition
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