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.

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Corey Rosenbloom, CMT

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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”

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