Extended Breakout Emini Fibonacci Grid July 11

Jul 11, 2016: 10:44 AM CST

A better than expected Jobs Report Friday and stimulus optimism set the stage for a breakout beyond 2,100 and Trend Day into the “Open Air” pocket beyond the recent @ES  swing high.

We’ll keep pulling our grid higher to keep up with the breakout ahead of a future retracement play.

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.

There’s not much help a retracement grid can give us when price is breaking through to new highs like this.

Price rallied toward our 2,100 level and then power-gapped through it Friday, extending the gains this morning.

We’ll be adjusting the grid and updating you with new levels into next week as usual. For now, enjoy the ride!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Extended Breakout Emini Fibonacci Grid July 11”

  1. Hansel Says:

    It seems on peak now, so perhaps this is a good chance to ride in, but at the same time we got to be very careful with how we go about things here. I always go for long term trades and happy that I trade with OctaFX broker since they are offering swap free account, it’s seriously beneficial and allows me to work really nicely without worrying about paying overnight charges, so that’s highly beneficial for me and allows one to work with comfort.