Hanging at the Highs Emini Update May 8
Mon, May 8, 1:11 PM ET, by Corey Rosenbloom
It was correct to assume stocks could continue higher and achieve their 2,400 target once again.
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.
Today gives us a pullback to retest the breakout at the 2,390 level.
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: "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 »