Jobs Report Emini Fibonacci Grid Update Oct 7

Oct 7, 2016: 11:25 AM CST

We had our Monthly Jobs Report this morning and – as can be expected – price is volatile after the report.

However, as of this moment, the high and low of today’s session is roughly within our Fibonacci Grid!

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.

The economy added 156,000 new jobs according to this morning’s report which was at the low end of expectations.

Price traded lower and has done so all morning after peaking/reversing at our 2,157 Fibonacci Level.

The Triangle still is in play as an even shorter-term rectangle – between our Fib Levels – has taken hold.

A downside break opens a pathway toward 2,129 which any future upside break above 2,157 targets 2,170.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Jobs Report Emini Fibonacci Grid Update Oct 7”

  1. Peter Says:

    We got to be very wise with these levels and make sure we don’t do anything crazy or else we could struggle fair bit, so that’s why we need to be extremely careful and wise with how we are going to do everything. I am able to do just that with broker like OctaFX which is all class having low spreads from 0.1 pips to high leverage up to 1.500 while there is also magnificent bonus which is up to 50% and is use able too, so that’s why I like it so much.