Emini Down from the Highs Still within the Range Jan 17

Jan 17, 2017: 11:29 AM CST

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!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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).”

2 Comments

2 Responses to “Emini Down from the Highs Still within the Range Jan 17”

  1. Battle for Market Dominance - TradingGods.net Says:

    […] By Corey Rosenbloom […]

  2. Farooq Says:

    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.