Flirting with the Final Fibonacci Emini Update May 26

May 26, 2016: 10:47 AM CST

Our two days of strong bullish (including a short-squeeze) action 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:

Two upside gap openings thrust the @ES through all major Fibonacci Retracement levels with only a minimal pause at our 2,074 target.

Yesterday’s gap set in motion another Trend Day to our 2,087 level where price finally resisted against the prior price high from late April near 2,091.

For today’s session, we are focusing on 2,087 and 2,090 and getting ready to play another departure away from this level.

An upside break to a new intraday swing high opens a play just above 2,100; the favored downward play targets 2,074 for the next intraday swing.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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  1. Two Days of Strong Bullish Action - TradingGods.net Says:

    […] By Corey Rosenbloom […]