Buyers Bullishly Break Emini Higher Dec 9 Update

Dec 9, 2016: 12:14 PM CST

Buyers continued their relentless campaign of accumulating stocks as the S&P 5oo broke to new lifetime highs.

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

I’ll update the Emini Fibonacci Grid once price actually starts to pull back (retrace) from the squeeze to new highs.

Until then, our goal should be trading in the direction of the breakout using risk control and not blind bullishness.

Note the divergences and short-term reversals that have taken place on the chart above – we’re watching that now.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Buyers Bullishly Break Emini Higher Dec 9 Update”

  1. Akilan Says:

    It’s amazing how high we have seen this going, but it could be ideal place for pull back, so it can be good opportunity to get into the trade, but just need to be wise and make sure we keep it all in shape to get it working. Right now, I am doing it all very nicely with broker like OctaFX because of their epic setting of features having low spreads, bonuses, zero balance protection and much more, it’s how I can work very nicely.