April 27 Fed Day Emini Range Trading Level Update

Apr 27, 2016: 11:51 AM CST

The @ES build a key short-term trading range based on new Fibonacci Retracement levels.

With today being a Fed Day later, will price break free of this range?  Chair Yellen, we’re waiting on you.

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

Cutting straight to the point, our short-term Fibonacci Retracement levels are 2,087 (expanding to 2,090) and 2,075.

We’ve successfully traded between these levels over the last few sessions (yellow highlight).

If today’s Fed Day serves a catalyst, we’ll be pro-trend “short-squeezed” bullish above the 2,090 level into 2,100.

Otherwise a short-sell liquidation breakdown triggers under the 2,075 level toward 2,065 at least.

Get these levels and in-depth planning, analysis, and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

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).

Comments Off on April 27 Fed Day Emini Range Trading Level Update

Comments are closed.