April 11 Repeat Day Emini Expanded Level Update

Apr 11, 2016: 11:09 AM CST

Does this look familiar?

It should – today’s gap up into resistance and the sell-off (so far) is identical to what we saw Friday.

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

Check out Friday morning’s update and compare what happened then to what’s happening right now.

I also expanded our ongoing (and successful) Fibonacci Grid to highlight the lesser-known boundaries.

The 23.60% retracement was Friday’s high and this morning’s gap resistance into 2,054.50.

The prior gap-out low was captured by the 78.60% Fibonacci Retracement just above 2,025.

In addition to our ongoing levels of 2,047, 2,040.50, and 2,034, add these “gap-out” levels into your grid.

Use it as your key pivot and look to trade the departure away from this – and other – target levels in an environment of suddenly high-volatility environment.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “April 11 Repeat Day Emini Expanded Level Update”

  1. April 12 Morning Gap Emini Level Update and Plan | Afraid to Trade.com Blog Says:

    […] Monday’s price action was identical (mostly) to Friday’s as I wrote in our daily update for you. […]