Final Fibonacci Flirting Holiday Edition Emini May 27

May 27, 2016: 10:12 AM CST

Our two days of strong bullish action and yesterday’s consolidation took us straight into our last major Intraday Fibonacci Target.

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

Friday’s holiday session continues to levitate the market higher above our “Final Fib” at 2,087.

At this point we’re challenging the underside of the 2,092 level which was the prior high from late April.

We’ll focus our attention today on these levels – 2,092 (prior high) and 2,087 – as intraday pivot points.

Ultimately additional holiday levitation could extend the short-squeezed bullish rally today.

Otherwise be neutral (intraday) between 2,087 and 2,092; bullish above and cautious/bearish beneath.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Final Fibonacci Flirting Holiday Edition Emini May 27”

  1. Carlana Says:

    This can be a decent opportunity for us to do go short, but got to do it wisely since we can easily get 25-30 pips, but if our entry mark is not accurate then we could struggle. I am currently working with OctaFX broker where everything is better for me and that’s to do with their epic rebate program that gives me 50% back on all trading orders which includes the losing trades too, so pretty ideal for anyone especially beginners.