Our Pullback Plan is in Motion Emini Update May 31
Wed, May 31, 12:31 PM ET, by Corey Rosenbloom
We were planning a pullback and so far, the market is delivering right on schedule.
Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:
The non-stop bull market hit a snag this morning, and we were planning for this as seen in last Friday’s “Planning a Pullback in the Emini.”
Here it is – at least an initial pullback in price.
Note the short-term Fibonacci Levels which include the simple 2,400 overlap and then the 2,390 level beneath it.
Today gave us a steep drop from the high in an environment where the risk of a pullback is high.
Will the pullback to 2,400 be “all we get” in this raging bull market? Follow along and trade accordingly.
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: "Retracement" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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