Surprise and Wonder as Stock Support Holds May 5

May 5, 2017: 2:06 PM CST

Were you surprised stocks held their support line and rallied higher?

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

We shouldn’t be surprised, given how many times price (sellers) tested the 2,380 level and buyers supported it.

There were even two Bear Traps (failed breakdowns) that were clues to hidden bullish strength.

Here we are, closing the week with the market running once again toward the 2,390 level near all-time highs.

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

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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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