Emini Building Rally off Make or Break Support March 8

Mar 8, 2017: 2:03 PM CST

It was so nice the market did it twice! And today makes three times the market tested our key support level.

Price is “trying to” build a rally up away from this pivot but if buyers don’t step in, we have clear downside targets.

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

Here we are! Achieving the 2,368 “First Fibonacci” target (23.6%) once again (it’s also a price pivot).

All days so far this week gave us an early (potential) reversal up away from our target – so focus your attention here.

We have a trendline we can draw that gives us a bullish pathway higher above 2,370 or else a bearish breakdown path beneath the 2,365 level (highlighted).

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Emini Building Rally off Make or Break Support March 8”

  1. Emini Crashing Down to the Lower Fibonacci Target March 9 | Afraid to Trade.com Blog Says:

    […] failing to support here (see yesterday’s “Make or Break” support update), sellers took the upper hand, resulting in a crash under 2,360 toward our 38.6% Fibonacci […]