Fed Day Fibonacci Emini Planning Levels June 15

Jun 15, 2016: 1:05 PM CST

No surprise!  The Federal Reserve didn’t raise interest rates today.

As we see the programmatic buying boost price higher, let’s highlight our Fibonacci Target Levels for the @ES.

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:

“The reversal candle, intraday divergences, and tomorrow’s FED DAY (where they absolutely 100% won’t raise rates) all suggest a BULLISH BIAS to tomorrow’s session.”

“We’re actually going to flip and state a likely BULLISH BOUNCE bias for tomorrow, meaning we’re aggressively bullish above 2,070 and 2,073 (@ES Fibonacci Level).”

Ultimately, that’s exactly what’s occurring.

With rapidly moving price at the moment, note the 2,062 level, today’s 2,074 target, and the (as stated last night) “bullish above 2,073” (cautious beneath) which we’re seeing after the Fed didn’t surprise us whatsoever by not raising rates.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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One Response to “Fed Day Fibonacci Emini Planning Levels June 15”

  1. Interest Rates Remain the Same - TradingGods.net Says:

    […] By Corey Rosenbloom […]