Fed Day Fibonacci in the Emini Gameplan March 15

Mar 15, 2017: 12:11 PM CST

It’s the Ides of Mach! And a Fed Day! Do you know where your Fibonacci Levels are?

If not, no worries! That’s what I’m here for.

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

We have a possible Double-Bottom or Dual V-Spike Reversal (arrows) at the 38.2% Fibonacci Level (2,352).

Our other near-term active level is the 2,369/2,370 level, although price established a resistance line near 2,373.

Note the green “Bullish Breakout” pathway to new highs or the red “Bearish Breakdown” path beneath 2,370.

Otherwise we remain neutral within this range until the Fed raises rates today… I mean, announces their decision.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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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).”

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