Fed Day Emini Range and Level Planning May 3

May 3, 2017: 11:20 AM CST

It’s a Fed Day! What will happen later this afternoon?!

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

In simplest terms, price established a trading range between the 2,380 and 2,390 easy-reference levels.

In terms of short-term planning, remain “range neutral” between these zones; bullish toward 2,400 on a positive reaction and breakout later today; and finally continuation (breakdown) bearish on another stab beneath 2,380 (toward 2,370).

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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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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