April 8 Emini Intraday Trading Range Level Update

Apr 8, 2016: 11:12 AM CST

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.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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).


2 Responses to “April 8 Emini Intraday Trading Range Level Update”

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