June 29 Bullish Surge Emini Fibonacci Update

Jun 29, 2016: 10:53 AM CST

We’re nearing our 61.8% Fibonacci Target rapidly on our Emini grid.  Brexit?  What Brexit?

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.

Take a moment to view the “Expanded Fibonacci Grid” to see exactly where we expected – and ultimately saw.

The predicted and logical bounce-back rally developed yesterday and extended strongly today.

We’ve now (so far) had four Trend Days in a row – two down and (so far) two up.

The pivot levels for targets today include 2,063 after price broke powerfully above 2,047.  Otherwise 2,031 was roughly yesterday’s closing high (target achieved).

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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).

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