A Quick Emini Collapse to Support May 11
Thu, May 11, 11:41 AM ET, by Corey Rosenbloom
Well that was fast! Price collapsed from the 2,340 target to our 2,380 downside target this morning – and bounced.
Here’s today’s updated Emini (@ES) trading levels for your trades:
In the membership we were ready to trade aggressively short if price broke the 2,390 support shelf… and price collapsed faster than expected.
However, we did see price touch and reverse sharply up away from our known target, putting us back within the range.
Continue playing the bounces between these levels as you frame your intraday trades.
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 »