A Range at the Lows Emini Fibonacci Grid Update Sept 16

Sep 16, 2016: 10:42 AM CST

We’re seeing a range develop between our Fibonacci Levels at the recent lows.

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

Here’s a reference guide of how to use and trade from these morning updates.

Be sure to reference the previous update for additional information for the larger Fibonacci Grid targets.

The 2,105/2,110 level is the 38.2% Fibonacci Retracement of the larger rally and so far, it’s holding as support.

A strong rally took us above the 2,139 pivot but price reversed between the 38.2% and 50% levels yesterday.

We were ready for a bearish swing “away from” the 2,139 level toward 2,128 and we’re back toward that pivot now.

Focus on – and trade – the departure away from 2,129 for the remainder of today’s session.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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).

1 Comment

One Response to “A Range at the Lows Emini Fibonacci Grid Update Sept 16”

  1. Arsenal Says:

    I always find trading with range very helpful and highly beneficial, but obviously we need to be careful with taking proper approach, it’s silly if we trade without planning or right approach because then it will be too risky. I always go with good planning and tight money management, it’s ever easy with broker like OctaFX since they are all very special with having superb cash back scheme where I get 50% back on all trades, so that’s really exceptional.