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!
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