We’re still using our Fibonacci Grid to assist intraday trading decisions.
Let’s take a moment to expand our grid slightly to account for the wider trading range we’re seeing now.
Here’s today’s updated Emini (@ES) trading levels for your trades:
First, let’s recap our accurate trading strategy and quote that set the stage for today’s action:
Here’s a direct strategy planning quote you could have used if you were part of our membership:
Today does start to change the expectation or game-plan to favor a DOWNWARD retracement AWAY FROM the 2,369 pivot.
Play bearishly toward 2,352 and then toward 2,339 if beneath the 2,350 level.
Here we are trading through our range and trendline levels as price reaches the midpoint of the range.
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