Falling Emini Fibonacci Targeting Update June 16
Look out below!
Chair Yellen spooked the market and sellers collapsed price through two Emini Fibonacci Levels.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
To set the stage, here’s a quote from last night’s Strategy Planning Report for members:
“We’ll be BEARISH for a breakdown and sell-swing if under 2,065 tomorrow (red zone)” [S&P 5oo Index]
The @ES downside Fibonacci Target from last night’s planning was 2,050… which was achieved at the open.
With the market collapsing beneath that level, we extend our game planning toward 2,034.
All things being equal, focus your trades on the movement toward or away from 2,050 and 2,034.
Want these levels and additional analysis in advance each evening?
Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
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).
I usually keep myself away from trading on these things, but still I like following this blog with regular updates, I believe we need to learn about everything and only then we will be able to achieve positive results consistently. I don’t do anything extra-ordinary but with broker like OctaFX, I get a lot of support which is with their superb conditions that applies on low spread, swap free account, bonuses and many such features, it’s all pretty cool and useful.