Volatility Finally Returns with Plunge from the Highs May 17

May 17, 2017: 12:09 PM CST

What a difference a day makes.

Price plunged from the highs on negative divergences and increased political tensions.

In one single session, price took us back almost a month ago to April 24.

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

We were ready for this in the membership, as we were picking up on hidden bearish signals.  Here’s a quote:

If buyers are getting ready for a breakout, they’re not going a stellar job of doing so because price isn’t behaving impulsively and bearish divergences still persist.

Evidence begins to shift to the bearish side (favoring another pullback).

However, the bearish case was boosted today with the big surge in bearish volume (red bar) and the persistent relative weakness in market internals.

Please join us in membership if you’d like actionable, big-picture strategy planning like this to assist you in your short-term and intraday trading decisions.

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

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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).”

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