Up Up Up and UP Forever Emini Update May 22
Mon, May 22, 1:11 PM ET, by Corey Rosenbloom
Back to the highs we go as this endless bull market simply continues after last week’s sharp dip.
Here’s today’s updated Emini (@ES) trading levels for your trades:
If you’re new to the trading world, you may either be puzzled by this endless bull market (“when will it end?!”) or overjoyed that you continue to make money easily and efficiently via buying every single dip this market gives us (“it’ll go up forever!”).
Still we’re trading the same market that does have a strong resiliency and underlying – persistent – bullish strength.
Here we go one more time above our Fibonacci Grid levels on a gap-up; price is traveling another bullish pathway toward the highs.
As intraday traders, we determine which side is in control for the day and go with that side.
Right now it’s the bulls and with the exception of last week’s ONE DAY (can you believe it?) dip, buyers have remained dominant virtually every day.
Today – at least for the morning – is simply no exception to the bullish pressure and capitulation of the short-sellers.
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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