Creeper Emini Trend to New Highs Revealed July 20

Jul 20, 2017: 10:44 AM CST

The bulls charge forward, carving out a new all-time high this morning.

This afternoon doesn’t look so bullish – but let’s update our chart and note what’s new.

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

Bull bull bull!  Breakout breakout breakout!

A “Creeper Trend” emerged after July 12th’s trendline breakout.

We call this a “Positive Feedback Loop” where higher prices CAUSE higher prices – namely from buyers buying or adding to existing positions, playing off greed, and short-sellers/bears buying-to-cover losing positions, playing off fears.

Greed and fear – it’s the core of what drives the market.  Making a quick profit or avoiding a loss.

So here we are, extending a rally higher through “Open air” in an ongoing intraday uptrend in the context – as I keep repeating to members – of a triple timeframe bull market.

Watch your rising moving averages in the chart above and flip cautious if price breaks beneath them soon or remain pro-trend bullish while price creeps above them.

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!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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).”

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