Emini Threatens to Crack Support in Retracement April 28

Apr 28, 2017: 12:59 PM CST

After a surge toward the prior high, we’re seeing a logical pullback toward a key price pivot.

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

We’ve seen a powerfully impulsive breakout from 2,350 toward the 2,400 target and here is the natural pullback.

Watch our “Final Fib” level at 2,381 which is exactly where buyers and sellers are balanced at the moment.

Note the “deeper pullback” plan beneath it and the “another bullish bounce” plan above it.

Either way, frame your intraday trades in terms of the “departure” from 2,381.

This is somewhat of a repeat strategy from yesterday’s session as price bounced then returned to our critical pivot.

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

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