Yesterday saw price rally up away from our 2,329 level toward our key 2,345 level and today gives us another fall down away from 2,345 toward 2,329.
It’s simple yet it’s incredibly effective in framing your game plan and trading your intraday swings.
Here’s today’s updated Emini (@ES) trading levels for your trades:
As we continue to highlight to members, price remains within our Fibonacci Boundaries as shown above.
Just like yesterday, the key focal points include the 2,329 support target (where we are now) and the overhead resistance at 2,345 (where we closed yesterday).
Focus on 2,329 now and the lower level toward 2,312 that opens up should sellers crack the market beneath 2,329.
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