Emini Forms a New Range at the Highs May 2
Tue, May 2, 3:11 PM ET, by Corey Rosenbloom
We have a new short-term trading range at a key support level beneath the high.
Here’s today’s updated Emini (@ES) trading levels for your trades:
The powerful bullish surge took us back toward our 2,400 target but the last few trading sessions formed a range.
We’re playing the short-term highlighted range just above the 2,380 Fibonacci and Price support pivot.
As we go into Wednesday’s Fed Day session, note these levels (2,380 and 2,390 for simplicity) and get ready to trade the departure from this key pivot.
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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