April 8 Emini Intraday Trading Range Level Update

We’re seeing higher volatility, sequential Trend Days, and larger than normal gaps recently.

This is a heightened volatility and thus heightened risk environment so monitor positions closely.

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

To get a sense of the real-time progress and set-ups as it developed, see Tuesday’s morning level update along with Wednesday’s level update.

Thursday gave us a breakout and today returns us right back inside that range.

The main levels are the same:  2,047 (38.2%), 2,034 (61.8%) and the Midpoint (coming into play now) at 2,040.

I also drew a rising trendline (black) that connected the prior swing lows and reversals higher.

For today’s session – the gap up and return BACK within the range – we’re focusing right now on 2,040.

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.

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).

Similar Posts