Hold the Line Emini Hold the Line May 4

May 4, 2017: 2:10 PM CST

Will it Hold?  Will it Hold?

We’re still at a make-or-break key support pivot in the Emini and it’s affecting our trading plans still.

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 zone again;

bullish toward 2,400 on a positive reaction above 2,390;

and finally continuation (breakdown) bearish on an actual (not trap) breakdown 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

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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