The Emini Surge Back to the Highs January 4

Jan 4, 2017: 12:13 PM CST

Stocks surged again, continuing the 2017 rally.

We saw another bounce off our Fibonacci Grid into the “Open Air” pocket beneath the all-time high.

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

We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,260.

A huge bullish opening gap yesterday set the stage for a pullback to our 2,238 reversal pivot.

The end-of-day rally Tuesday continued with the breakout above 2,251 this morning and the extended bullish swing through the “Open Air” pocket from the late-2016 trading range.

Focus on these movements between 2,251 and the 2,271 level which is the all-time Emini high – a logical target.

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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1 Comment

One Response to “The Emini Surge Back to the Highs January 4”

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