An Emini Rounded Reversal Back to our Fibonacci Target April 13

Apr 13, 2017: 1:45 PM CST

Taking the form of a Rounded Arc, price broke beneath our short-term Fibonacci Support level and is collapsing toward our lower target.

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

Today reminds us why patience pays – especially when awaiting a range breakout.

Sellers shattered the 2,345 support level, opening up a second sell-swing toward the 2,329 prior target.

Continue monitoring this rapidly developing situation in a newly exciting breakout market.

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!

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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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