The Emini Surge Back to the Highs January 4

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!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

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).”

Similar Posts

One Comment

  1. I always like such scenarios, as I prefer scalping a lot and such scenarios are pretty good for it. I have been trading under OctaFX and with them, I can do it all very nicely to do with low spreads from 0.1 pips for all major pairs while there over 70 instruments to select from and then there is also superb rebate program where I get 50% back on all trades which is even with the losing trades too, so that is truly awesome as per performing well goes.

Comments are closed.