Straight Back to the Highs Nov 17 Emini Update

Nov 17, 2016: 2:14 PM CST

We’re back into the 2,180 prior high target and plotting our next move along with the market.

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

We saw a shallow, sideways pullback after a series of negative divergences, though buyers found support and acted at the 2,155 @ES Level.

The market has been relatively stable within the current rising trading range.

However, today should give us a big clue if we should continue playing bullishly for a new “short-squeeze” breakout, or continue our “cautious into resistance” game plan.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Straight Back to the Highs Nov 17 Emini Update”

  1. Ibrahim Says:

    It’s definitely very high, but still we need to be very careful with how we go about entering the market and keeping things simple and straight forward. If we careful then we can definitely gain plenty but without right approach we could face huge issues. I trade with OctaFX broker where they have epic setup with having tiny spreads from 0.1 pips to high leverage up to 1.500 while there is also strong rebate program, so all works in my favor.