July 5 Expected Emini Retracement Fibonacci Grid

Jul 5, 2016: 10:58 AM CST

With negative divergences into a resistance target, we’re seeing a logical retracement down in the @ES today.

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.

While I may update this grid to be more specific, we have a NEW @ES short-term Fibonacci Level Grid.

We’re focusing on the 2,080 level which was today’s gap-down point.

As long as price is beneath this level we’ll target the lower support level (38.2%) at 2,061.

Depending on what happens at 2,061, we’ll plan and update accordingly.

Each Fibonacci Level is both a target to play toward (intraday) or a possible reversal point to play.

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

Afraid to Trade.com

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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).


3 Responses to “July 5 Expected Emini Retracement Fibonacci Grid”

  1. Retracing Market Update July 5 and Big Stock Scan | Afraid to Trade.com Blog Says:

    […] We have new @ES Fibonacci Grid levels for short-term or intraday traders as seen in this morning’s post. […]

  2. Logical Retracement - TradingGods.net Says:

    […] By Corey Rosenbloom […]

  3. Haider Says:

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