A Morning Pullback from the Highs Emini May 9 Update
Tue, May 9, 11:31 AM ET, by Corey Rosenbloom
Back to the highs we go! And then – this morning – back down away from them.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot.
Yesterday gave us a pullback to retest the breakout at the 2,390 level with price gapping back to the high today.
Price is trading between simple levels – like 2,380, 2,390, and 2,400 – so keep these in focus as you continue to play the “toward” and “away from” style of game planning.
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
This Article's Word Cloud:
More articles: 1 2 3 4 5 6 7 next »