July 7 Short Squeeze Emini Fibonacci Level Update

Jul 7, 2016: 11:04 AM CST

Price reversed strongly off the 2,070 @ES level and now trades down from our 2,100 simple level.

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.

Despite the Brexit volatility, price remains within a short-term (more than a month) sideways trading range.

We’re using Fibonacci Levels effectively for targeting and intraday reversal trade planning.

Right now, we were bullish in the membership above the 2,080 level to target 2,100 (Round Number) or the 2,110 prior high.

So far we’re seeing the successful “short-squeeze” propel price into our 2,100 pivot from which an intraday reversal developed.

For the rest of the day, we’re focusing on 2,090 (here), 2,100 (Round Number), and of course the play from there.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “July 7 Short Squeeze Emini Fibonacci Level Update”

  1. Marcus Says:

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