Emini Divergent Reversal at the Highs Nov 10
Additional bullish price action after the election sent us to our prior high target into 2,170.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Negative momentum and Breadth (Market Internal) divergences INTO this resistance area gave us pause.
Ultimately price reversed down away from the 2,170 target (discussed with members last night) and we’re monitoring the ongoing intraday action.
It’s a fast-moving market so watch your positions closely and adjust to the volatility.
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Corey Rosenbloom, CMT
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