Emini Breaks on Through to the Other Side Nov 21

Nov 21, 2016: 2:46 PM CST

Breakout?  Pullback? Extended Uptrend getting more extended?  Let’s plan!

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

We have a new Fibonacci Grid for the moment that will remain active IF price does retrace from the high.

We’ll keep extending it higher – from the earlier low – until we do get that deeper-than-one-hour pullback.

For now, in this type of environment, we keep trading long (bullishly) with the buyers as a short-squeeze extends.

Any downside retracement should target the 2,170 level but until then, this bull market – and holiday week – keeps us playing the bullish alternate thesis pathway as planned.

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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).”

1 Comment

One Response to “Emini Breaks on Through to the Other Side Nov 21”

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