Emini Forming Holiday Range at the Highs Dec 21

Dec 21, 2016: 12:07 PM CST

We’re at a new bullish normal with the @ES as price settles into a short-term range at the highs.

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

We’ve had success playing reversals or bounces up away from our 23.6% Fibonacci Level near 2,250.

However successful they were at the lows, buyers haven’t been able to overcome sellers at the highs.

As such, a new 20 point short-term trading range has developed between the 2,250 and 2,270 zone as highlighted.

It’s a holiday week so we’re likely to see reduced volume and our usual “bullish holiday creep” but stay attentive.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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4 Comments

4 Responses to “Emini Forming Holiday Range at the Highs Dec 21”

  1. Emini Nails our First Fibonacci on Dec 22 Pullback | Afraid to Trade.com Blog Says:

    […] “holiday drift,” we’re instead seeing price maintain a 20 point trading range (as I highlighted in yesterday’s update) and now pull back once again to our “first Fibonacci” retracement at the 2,250 […]

  2. Look at that Beautiful Emini Fibonacci Holiday Bounce Dec 23 | Afraid to Trade.com Blog Says:

    […] “holiday drift,” we’re instead seeing price maintain a 20 point trading range (as I highlighted in yesterday’s update) and now pull back once again to our “first Fibonacci” retracement at the 2,250 […]

  3. Randy Sevich Says:

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