Yet Another Emini Divergence at the New Highs Nov 22

Nov 22, 2016: 12:13 PM CST

Breakout? Pullback? Extended Uptrend getting more extended? Divergent Reversal? Let’s plan!

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

We have a new Fibonacci Grid for the moment that will remain active IF price does retrace from the high.

We’ll keep extending it higher – from the earlier low – until we do get that deeper-than-one-hour pullback.

The Market generally has an upward creep – which we’re seeing – during the Thanksgiving Holiday.

We’ll continue to balance the logical odds for a pullback against this “Holiday Creep” and trade accordingly.

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Corey Rosenbloom, CMT

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