A Range at the Lows Emini Fibonacci Grid Update Sept 16
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
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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).
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