Good Jobs Report Extends our Emini Fibonacci Grid

Jul 8, 2016: 1:06 PM CST

A better than expected Jobs Report this morning set the stage for a breakout beyond 2,100 and Trend Day into the “Open Air” pocket beyond the recent swing high.

With that, we pull up our Fibonacci Grid to take into account the extended new high.

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

Here’s a reference guide of how to use and trade from these morning updates.

There’s not much help a retracement grid can give us when price is breaking through to new highs.

Price rallied toward our 2,100 level and then power-gapped through it this morning.

We’ll be adjusting the grid and updating you with new levels into next week as usual.  For now, enjoy the ride!

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

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).

1 Comment

One Response to “Good Jobs Report Extends our Emini Fibonacci Grid”

  1. Rahul Says:

    I enjoy following trading with these things since it’s how one is able to work smoothly and able to achieve good profits as well, I am currently trading with OctaFX broker where I get excellent support with their low spreads from 0.1 pips, so that opens door for plenty of opportunities for me while also keeps me entirely comfortable and relaxed with the outing and I am able to achieve positive results as well, so that’s why I like it so much.