Emini Triangulates Within our Fibonacci Grid Sept 29

Sep 29, 2016: 9:56 AM CST

As we get ready to begin October, the S&P 500 (@ES) is “triangulating” within our Fibonacci Grid.

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

Here’s a reference guide of how to use and trade from these morning updates.

Although Crude Oil is getting a big bullish boost, stocks remain trapped within a tightening range.

The Midpoint of the Triangle – crudely drawn – is near 2,155.

Still, we’re successfully using our known Fibonacci Price Levels as targets and possible intraday reversal points.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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).

1 Comment

One Response to “Emini Triangulates Within our Fibonacci Grid Sept 29”

  1. Milli Says:

    Always enjoy trading with keeping Fibonacci levels in mind, but we got to do it very wisely and only then we will be able to work it in our favor. I don’t have too much issue over this which is all thanks to OctaFX broker and their magnificent features and facilities which include having lowest possible spreads, strong rebate program where I get 15 dollars profits per lot size trade which is even with the losing one too, so all very handful.