Breakout from Fibonacci Grid Emini Update June 22

Jun 22, 2016: 10:06 AM CST

While price bounced between our upper Fibonacci Grid Levels, this morning we’re seeing a possible breakout.

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

Over the last couple of sessions, we’ve focused on the interplay (bounce) between 2,074 and 2,088 in the @ES.

With the increasing likelihood that the United Kingdom will remain within the European Union, US stock prices rose.

For today’s session and beyond, we’ll be focusing on the “Open Air” green bullish pathway above 2,088.

If price falters and reverses down against 2,090, then we’ll adopt a bearish plan while under 2,087.

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Corey Rosenbloom, CMT

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