Jobs Report Breakout to New Highs Emini Update Aug 5

Aug 5, 2016: 11:41 AM CST

Breakout!  Short-Squeeze!  Better than Expected Jobs Report!

Buyers took control away from the bears today, propelling the market higher and triggering a short-squeeze.

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.

We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.

With price breaking out to new highs, we’re again in a spot where we can’t use lower Fibonacci Grid Levels until we get a retracement.

Until then – via our member planning – we’re bullish for a breakout and short-squeeze event above 2,170.

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 “Jobs Report Breakout to New Highs Emini Update Aug 5”

  1. Kazim Says:

    We got to be very good with keeping our self-updated with things, as that’s the best way we will be able to gain better results. I always follow these news and it’s ever easy with broker like OctaFX, as they are very special on every font with having daily market news and analysis updates, it’s free yet highly effective been provided by experts, so that’s why I can really work nicely and always put me in good zone for making profits.