Bouncing Range Emini Target Level and Plan Update May 9

May 9, 2016: 11:54 AM CST

We’re seeing the expected bounce for the @ES forecast from last week’s positive divergences.

Price traded through two Fibonacci Retracement Targets. What are they?  What’s the plan now?

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

From our Daily and Weekly Planning, we were support-bounce bullish from divergences at the 2,040 @ES level.

Friday began a rally and Monday completed the price swing to the first (2,048) and second (2,060) targets.

I clarified our current intraday levels – for simplicity – with the codes above.

We’re NEUTRAL between 2,048 and 2,060; Bearish for a possible retest toward 2,040; and otherwise bigger picture bullish if price breaks above 2,060.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Bouncing Range Emini Target Level and Plan Update May 9”

  1. Hasraj Says:

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