Emini Breaking Through our Fibonacci Grid Update

Sep 1, 2016: 9:59 AM CST

We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.

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.

Here’s a direct quote from last night’s short-term strategy planning for members:

It’s possible that we’re now seeing a ROUNDED REVERSAL or ROUNDED ARC pattern take place in the intraday frame.

If so, the next eventual move would be a swing down away from (under) the 2,160 level toward 2,145 in the @ES.

Be on guard for this bearish development.

At the moment, that’s exactly what’s happening with the current rejection (reversal) at our 2,172 target and now breakdown under 2,160 as planned.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Emini Breaking Through our Fibonacci Grid Update”

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