December Fed Day Emini Fibonacci Grid Update
Here we are! It’s Fed Day and the board is set to raise interest rates 0.25%, barring any major surprises.
Might we actually get a pullback to a lower Fibonacci Level? Wishful thinking for the bears!
But here’s our short-term updated Fibonacci Levels IF the market does actually pull-back further.
Here’s today’s updated Emini (@ES) trading levels for your trades:
With our market in “Melt-Up” mode, we have to focus on lower timeframes.
As such, here’s an updated short-term Fibonacci Grid from the shallowest of retracements to yesterday’s high.
Our first major pullback level is 2,238 (38.2%) while the immediate focal point is just above 2,250.
Become a member and get these levels, insider tips with education, stock scans, and daily planning!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
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).”
Thanks for these levels Corey! That 2,250 turned out to be very accurate. Pretty impressive that the entire gap was filled!
It was obviously expected and if we got it right then there was plenty of money to be made. I am grateful to http://www.tradewisefx.com/, as through their support and guidance, I have been able to work it all out beautifully. I not only made huge profits, but was able to withdraw it smoothly thanks to their epic setting!
It was obvious that Fed was going to hike, so there wasn’t any surprise. It’s not too often that we see such situations, as mostly we are into unpredictable zone and that’s why we see situations hard to handle, so we just need to make sure we don’t try to trade without unnecessary expectations. I do it all very smoothly under OctaFX, as they are class above the rest from offering ideal conditions to daily market updates. It’s not just a broker but all in one place for me!