Expected Retracement Emini Planning Update May 11

May 11, 2016: 12:36 PM CST

The rally took price into our Fibonacci Retracement level just shy of 2,080.

We expected a pullback (retracement) from this level and that’s precisely what we’re seeing.

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

From last night’s report, we were cautious/bearish into the 2,080 target in the @ES Futures.

Today’s morning session saw the pullback take price to our 2,068.50 target where we’ll focus our attention now.

Note the highlighted pivots from the short-term Fibonacci Planning Grid.

These levels will remain in effect until price breaks under 2,035 or above 2,100 so keep them as a reference.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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One Response to “Expected Retracement Emini Planning Update May 11”

  1. Pullback Market Update and Big Trending Stock Scan May 11 | Afraid to Trade.com Blog Says:

    […] we saw from this morning’s post and the prior planning in the membership, price successfully rallied up away from the 2,040 pivot […]