April 12 Morning Gap Emini Level Update and Plan

Apr 12, 2016: 8:37 AM CST

As we gap up away from our key support pivot, what levels are in play and what should we be watching?

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

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

As we wake up to trade Tuesday’s activity, we’re seeing the bounce “up away from” the 2,034 highlighted pivot.

This makes 2,040.50 and then 2,047 as upside intraday targets and possible pivot/reversal points.

We’re always playing movement toward or away from key levels like these.

Of course, a breakdown under 2,034 (should it happen) opens a play toward 2,025 but that’s not at work yet.

Use these as your key pivost and trade the departure away from our Fibonacci target levels.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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One Response to “April 12 Morning Gap Emini Level Update and Plan”

  1. April 12 Support Bounce Range Market Update and Scan | Afraid to Trade.com Blog Says:

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