Range Range Here to Stay Emini Update Jan 18
If you’re ready for this trading range at the highs to end, you’re not alone.
Unfortunately for us, Mr. Market does not want to comply with a breakout.
As short-term traders, we plan and play the cards we’re dealt – and right now it’s a clear trading range.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We continue to see price – as planned – move within the 20 point trading range and our Fibonacci Levels.
We’re in the midpoint of an expected sell-swing “down away from” 2,270 potentially toward 2,260 then 2,250.
A future breakout is on the horizon but it’s not here yet. Play the range until we do get this future breakout.
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).”