A New Emini Range at the Highs January 5

Jan 5, 2017: 2:25 PM CST

The market has a bullish beginning to 2017 but right now, we’re seeing a return to an old trading range.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,270.

Yesterday gave us a clean T3 Trend Day higher that reversed just shy of our 2,270 @ES level.

For now, we’re noting price trade between the prior range boundaries between 2,251 and 2,269 as highlighted.

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!

Afraid to Trade Premium Content and Membership

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).”

1 Comment

One Response to “A New Emini Range at the Highs January 5”

  1. Paul Says:

    It’s not surprising, as pattern in trading is extremely high and we need to be wise with understanding these patterns, as we can make serious money from it. I always wait for right opportunity and I always prefer to jump into it with both hands, so we need to be extremely wise with things in order to work it out. I love it with OctaFX broker and their mighty offering whether that’s with razor thin spreads, rebate program, Islamic Account without having to worry about overnight charges or if it’s with their cTrader platform.