Emini Defying Gravity to New Highs Dec 13 Update

Bycjrosen

After the smallest of reasonable retracements, buyers are at it again, propelling the market to new all-time highs.

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

Yesterday gave us a slight pause or retracement back toward the 2,250 target level but that was all buyers would allow.

They stepped in aggressively this morning, pushing the @ES through to all-time highs as another short-squeeze breakout continues this morning.

The Fed will (almost certainly) raise rates tomorrow so that will be the driving force for news/events to watch Wednesday and whether this market continues extending higher or retraces a bit deeper than a single session.

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Corey Rosenbloom, CMT

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One Comment

  1. It definitely looks a good trade, but just got to be careful of the reversal, it’s vital that we trade with simple and straight forward approach. I trade under OctaFX and with them, I do it all nicely because of the long list of features and facilities that not only helps me in trading, but gives me confidence. I can easily enter into quick trades and even get out without restrictions and due to low spreads, it’s all so much helpful!

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