Emini Relentlessly Runs for the Highs Dec 27 Update

Dec 27, 2016: 11:39 AM CST

It wouldn’t be a holiday week without a bullish drift, would it?

The S&P 500 traveled the well-worn path of another bullish bounce off our Fibonacci Grid toward new highs.

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 featured inFriday’s update) and now pull back once again to our “first Fibonacci” retracement at the 2,250 level.

We’re still trading within a 20 point range between the 2,250 and 2,270 levels.

Today’s price action is the expected bounce up away from 2,250 toward 2,270 which buyers achieved this morning.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Emini Relentlessly Runs for the Highs Dec 27 Update”

  1. Adeel Says:

    The trend is definitely very high, so we need to be very wise with how we go about doing things, if we make even slightest of mistake, it could be very costly, so we need to be very wise and avoid doing anything silly. I am very fortunate that I am working with OctaFX broker, as they are awesome with been regulated plus a true ECN and that too an award winning one, so I feel absolutely great with them and enjoy working.