A Quick Emini Collapse to Support May 11

Bycjrosen May 11, 2017

Well that was fast! Price collapsed from the 2,340 target to our 2,380 downside target this morning – and bounced.

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

In the membership we were ready to trade aggressively short if price broke the 2,390 support shelf… and price collapsed faster than expected.

However, we did see price touch and reverse sharply up away from our known target, putting us back within the range.

Continue playing the bounces between these levels as you frame your intraday trades.

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

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).”

Comparing Previous SPY Stick Saves and Bullish Engulfing Candles

Bycjrosen February 13, 2014

With today’s Stick-Save intervention buying power propelling the market higher after a morning downside gap, let’s take a quick look at a few similar examples to compare what happened then to what may be playing out for the rest of the day. Doing this exercise can help you focus on concepts rather than the tiny…

Daily Commentary

Charting Risk On and Risk Off with Utilities XLU and Financials XLF

Bycjrosen June 27, 2016

When we’re talking about “Risk-On” or “Risk-Off” Money Flow in the market, there’s many ways to do that. One simple way is to compare Treasuries and Stocks. However, if you want to look within the stock market, you can also compare the Utilities group (XLU) with a bullish or Risk-On group like Financials (XLF). Let’s…

Daily Commentary

Flat but Not Boring Year for 2015 SP500

Bycjrosen December 31, 2015

If the 2,060 level for the S&P 500 seems familiar for you, that’s because it is. We’ve been here before – a lot. Check out my most recent post “Gotta Watch this Important Trendline for the S&P 500” for a little background. Let’s chart the 2015 S&P 500 performance and note how the market traveled…

Daily Commentary

SP500 Completing the Arc into Target Levels

Bycjrosen January 6, 2015

I’ve been highlighting this “Arc” or “Mirror Image” Pattern in the S&P 500 and US Stock market to members as it developed, but let’s take a look at the pattern as it nears completion. Here’s the S&P 500 “Arc” or “Mirror Image Foldback” Pattern in currently motion: A “Mirror Image Foldback” Price Pattern is a…

Daily Commentary

May 19 Trend Day Intraday Stock Update and Scan

Bycjrosen May 19, 2014

It’s mid-day and we’re currently trending higher on strong sector breadth. Let’s update our current intraday chart, study the message of breadth, and highlight trend day trading candidates for May 19. The S&P 500 continued an intraday trend reversal into an uptrend off the 1,870 reference level. After a mini-gap down, price broke to new…

Daily Commentary

Amazingly We Still Trade Within Our Emini Fibonacci Grid April 18

Bycjrosen April 18, 2017

Yesterday saw price rally up away from our 2,329 level toward our key 2,345 level and today gives us another fall down away from 2,345 toward 2,329. It’s simple yet it’s incredibly effective in framing your game plan and trading your intraday swings. Here’s today’s updated Emini (@ES) trading levels for your trades: As we…

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