Coming Down from the Highs Emini Update Nov 16
Though not stellar so far, price is pulling down away from the 2,180 @ES pivot.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We saw a shallow, sideways pullback after a series of negative divergences, though buyers found support and acted at the 2,155 @ES Level.
From there, we had the triangle breakout toward 2,180.
For today, we’re trading the pullback or price weakness away from 2,180 and will monitor price there.
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Corey Rosenbloom, CMT
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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).” alt=”” width=”630″ height=”518″ />
The trend seems to be very hot there, I guess it’s always wise not to get in when the trend has already been on peak, but at the same time, it’s sort of advantage where you don’t mind giving it a try especially if you are having tight stop, but like said you need to be wisely doing it all. I get it all working in order thanks to OctaFX broker and their beautiful setup including small spreads from 0.1 pips, 50% bonus on deposit plus a lot more, it’s simply all so great to work with!