Surprise as the Emini Support Holds Strong May 1
Mon, May 1, 12:51 PM ET, by Corey Rosenbloom
Buyers held the line and we’re seeing another bounce up toward the highs.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We’ve seen a powerfully impulsive breakout from 2,350 toward the 2,400 target and here is the natural pullback.
Buyers stepped in with a double-bottom pattern at our 2,381 Fibonacci Level.
Today we’re seeing a bounce even higher as price breaks a falling trendline on the pathway toward 2,390 and beyond.
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
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