Through the Highs We Go January 6
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!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
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).”
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!