After yesterday’s Fed Day, stocks surged back toward the prior high, breaking their Fibonacci Grid.
Here’s today’s updated Emini (@ES) trading levels for your trades:
After a post-Fed Day Surge, stocks stalled shy of the 2,390 level.
From there, the Emini traded back down toward its key 2,370 Fibonacci and price level where we saw a bounce this morning.
We’re focusing once again on this critical Bull/Bear pivot and will frame our short-term trades in terms of the departure “away from” 2,370.
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!
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