Falling Emini Fibonacci Targeting Update June 16

Jun 16, 2016: 9:56 AM CST

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.

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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 “Falling Emini Fibonacci Targeting Update June 16”

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