Emini Playing into Critical Fib Support Level Today March 20

Mar 20, 2017: 11:31 AM CST

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!

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Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

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2 Comments

2 Responses to “Emini Playing into Critical Fib Support Level Today March 20”

  1. Emini Playing into Critical Fib Support Level Today March 20 - TradingGods.net Says:

    [...] By Corey Rosenbloom [...]

  2. Emini Support Fails as Market Crashes to Lower Targets March 21 | Afraid to Trade.com Blog Says:

    [...] failed at yesterday’s “Make or Break” level, reminding us how we set up our game plan and execute [...]

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