Emini Nails our First Fibonacci on Dec 22 Pullback

Dec 22, 2016: 12:00 PM CST

It’s exciting – and lucrative – when price does exactly what it is supposed to do.

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

Despite an expected “holiday drift,” we’re instead seeing price maintain a 20 point trading range (as I highlighted in yesterday’s update) and now pull back once again to our “first Fibonacci” retracement at the 2,250 level.

For bigger picture planning today and Friday – both considered “holiday sessions” – form your trades on the departure “away from” the 2,250 key pivot.

Target 2,238 if beneath and back toward 2,270 if above – and 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 Nails our First Fibonacci on Dec 22 Pullback”

  1. Clarke Says:

    It’s pretty high levels here, so can be good on pull back, it’s vital that we just trade with sensible approach and only then we will benefit and make profits. I do it all nicely under OctaFX, as they are absolutely special with having small spreads at 0.1 pips, zero balance protection, swap free account while there is also stop out level of just 15% while there is also daily market updates and all such features, so that helps with trading.