Emini Keeps the Bull Market Going Dec 6 Update

Dec 6, 2016: 12:37 PM CST

Today keep the bullish pressure going – so far – on the bounce up away from our Emini Fibonacci Level.

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

After a pullback took the market toward our 23.6% Fibonacci Level last week, buyers aggressively intervened on the Double Bottom with Divergence pattern I highlighted Friday:

The confluence Fib Grid above suggested we first target a sell-swing toward 2,182 as a possible short-term DOUBLE BOTTOM pattern has occurred at this key target level.

At this point, a short-term (tiny) trading range occurred at the floor of support at 2,200 and the resistance high.

We’ll be using 2,200 as our bull/bear pivot through the rest of the week.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Emini Keeps the Bull Market Going Dec 6 Update”

  1. Gaurav Says:

    The trend is definitely very strong, so it will be interesting to see how things work out, but we just need to be careful in how we go about handling things, as only then we will be able to perform well and achieve profits. I trade with OctaFX broker and with them; I do it all smoothly because of the long list of features as they have small spreads at 0.1 pips while there is also cTrader platform with no issues over slippage or re quote.