Breaking Through our Emini Fibonacci Levels Sept 15

Sep 15, 2016: 10:19 AM CST

Like yesterday, we’re seeing a bounce up away from the low toward the 23.6% Fibonacci Level.

This morning, we’re seeing a stronger swing and possible bullish breakthrough develop.

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

Here’s a reference guide of how to use and trade from these morning updates.

Be sure to reference the previous update for additional information for the larger Fibonacci Grid targets.

The 2,105/2,110 level is the 38.2% Fibonacci Retracement of the larger rally and so far, it’s holding as support.

Today – like yesterday – we’re going to focus on 2,128 and trade the departure from this level.

We’re resting here right now – we’re bullish for a continued bounce above 2,130 or bearish beneath.

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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).

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