Final Fib Emini Update March 27

Mar 27, 2017: 10:50 AM CST

The weekend collapse took us straight into our “Final Fibonacci” Target, where we’re seeing a morning rally.

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

We got it right again in the strategy planning for members, as I wrote Friday:

We’re perhaps nearing the end of the retracement or at least the end of the “C Wave” of the structure.

This would suggest a future downside break toward 2,323.

Play bearishly if the market breaks down away from the lower Fibonacci target at 2,338 which has already been broken twice during the sell-off.

As you can see, not only did price crash down toward 2,338 but also (so far) held support and reversed UP AWAY FROM our Fibonacci Target.

Seriously, use these levels as intraday trading decision support and planning.  They work.

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

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