July 6 Volatile Range Emini Fibonacci Update

Jul 6, 2016: 10:08 AM CST

Our expected retracement continues with a break under our first Fibonacci Support Target.

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.

For members, we were discussing the downside targets in the ongoing (expected/dominant thesis) retracement.

We are seeing that retracement play out to lower levels.

Our first interactive pivot was 2,080 and price continued under this level this morning.

We saw an immediate swing up toward this level which will be today’s focal point.

The 2,080 level is our current pivot while 2,061 is our lower pivot target – all highlighted on the chart above.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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