Range Trading the Jobs Report April 7
After a surprisingly lower monthly Jobs Report number, equity prices shrugged it off without a reaction.
As such, we remain within our new short-term trading range between two key Fibonacci Levels.
Here’s today’s updated Emini (@ES) trading levels for your trades:
I wish I had more information for you but the market remains within our trading range.
Keep playing the departures from the high and low of the range – and remaining neutral – until we get a 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).”