Through the Highs We Go January 6

Jan 6, 2017: 1:30 PM CST

Not to be outdone by this pesky sideways trading range, the stock market broke out to new all-time highs today.

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

Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market.

After two pullbacks (retracements), price surged to new all-time highs this morning.

This makes 2,270 our pivot point and 2,300 in play on an extended (short-squeezed) breakout event to start the new year.

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).”

1 Comment

One Response to “Through the Highs We Go January 6”

  1. Sidharth Says:

    I always prefer trading with clear trend, so sideway market is always a challenge for me. Still, I believe we can gain plenty if we get it right and for me, it’s not tough under OctaFX. I operate on with their ECN account and it can be done with as low as 5 dollars while there are no issues over slippage, re quote or delay and I even pay low spreads starting from 0.1 pips for all major pairs, zero balance protection, swap free account plus much more!