Emini Down from the Highs Still within the Range Jan 17
In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Still nothing. But that’s fine.
Instead we remain trapped at the highs in a volatile sideways trading range. Today we’re coming down from the highs.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Supply and demand move price; it’s nothing magical.
We expected a sell swing going into today’s session and so far that’s what we’re seeing.
With neither side victorious, we’re seeing volatility increase and our Fibonacci Levels serving as targets and short-term inflection (reversal) points.
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!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
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).”
I always like trading whenever market is in ranging situation, as that’s how I can perform well and achieve greater results. But, it’s vital that we keep everything simple and straight forward, as only then we will be able to perform well. I do it all nicely through OctaFX, as they help me greatly with small spreads from 0.1 pips while there is also cash back program where I get 50% back on all trades that is even with losing one, so I really enjoy it.