This is a Very Tight Range for Traders Emini Jan 20

Jan 20, 2017: 1:07 PM CST

Stop what you’re doing and look at the trading range.  Take off all indicators and focus on price.

We’re still trading within a clear range – no breakout yet – and today’s action fits perfectly in that context.

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

We continue to see price – as planned – move within the 20 point trading range.

We’re back at the midpoint of an expected sell-swing “down away from” 2,270 as we trade through 2,250.

A future breakout is on the horizon but it’s not here yet. Play the range until we do get this future breakout.

We had a strong gap UP from 2,260’s Midpoint to 2,270’s trendline and then right back down to 2,250.

Love it or hate it – you should be indifferent – this is the hand the market is dealing all of us at the moment.

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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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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