Another Divergence Reversal at the Emini Highs Nov 11

Nov 11, 2016: 12:13 PM CST

A key pattern – with visual negative divergences – is forming at the retest highs.

So far we’re playing today like yesterday.

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

Negative momentum and Breadth (Market Internal) divergences INTO this resistance area gave us pause.

Ultimately price reversed down away from the 2,170 target (discussed with members last night).

We’re seeing now TWO retracement swings down away from 2,170 toward the 2,150 level.

At this moment, we’re seeing another bounce.  Use 2,150 and 2,170 as short-term pivots.

Look to play toward 2,140 if beneath 2,150 for a steeper pullback should it occur.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Another Divergence Reversal at the Emini Highs Nov 11”

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