Emini Ping Pong Trading at the Range Highs Feb 7

Feb 7, 2017: 2:53 PM CST

Last week’s breakout sent the market back toward the prior high.

However, today we’re seeing another pullback from the high to a key pivot Level.

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

Here’s a quote to reference from Monday’s member report:

For Tuesday we’re bullish above 2,285 and 2,290 into the “Open Air” pocket to keep the tiny range going.

With price AT the highs, we’re seeing a natural consolidation and pullback in motion at the moment.

A new “tiny” range has developed between the 2,295 @ES level and the 2,285 level as highlighted.

Beneath that we have our short-term Fibonacci Grid levels in play (as highlighted).

Frame your trades – and thus the game plan – on trading the departure (up/down) away from our achieved target.

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).”

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