Back to the High we Go Again May 15 Update
Mon, May 15, 12:11 PM ET, by Corey Rosenbloom
Nothing can stop this creeping bull market – at least, not yet.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Price again broke out of our short-term simple trading range between 2,380 and 2,390, resulting in a new high.
That’s not just a new 52-week high but a new all-time/lifetime high for the cash S&P 500 Index this morning.
Buyers gapped the market higher, trigging our breakout thesis above 2,390 that had us targeting 2,400.
Members knew this level in advance and here we are, into our 2,400 target.
Frame your future trades in terms of the “departure away from” 2,400.
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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