Hanging at the Highs Emini Update May 8

May 8, 2017: 11:58 AM CST

It was correct to assume stocks could continue higher and achieve their 2,400 target once again.

What now?

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

Friday gave us a big bullish breakout of the short-term (highlighted) trading range above the 2,380 support pivot.

Today gives us a pullback to retest the breakout at the 2,390 level.

Price is trading between simple levels – like 2,380, 2,390, and 2,400 – so keep these in focus as you continue to play the “toward” and “away from” style of game planning.

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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