Emini SP500 Slowly and Gently Drifting to the Highs Aug 7
Mon, Aug 7, 1:51 PM ET, by Corey Rosenbloom
After a narrow range developed between 2,465 and 2,475, we’re seeing a soft bullish drift take place today.
Here’s today’s updated Emini (@ES) trading levels for your trades:
I’m not sure this bull market will ever end, as we’re drifting back toward the prior high.
With the bullish rally today, note the upward pathway toward 2,480.
Should price break above this pivot to new all-time highs, we’ll be playing bullishly toward our 2,500 simple target.
Otherwise, a return under 2,475 has us playing more “ping-pong” between our pivots.
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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