May 17 Updated Emini Fibonacci Grid Trading Levels

May 17, 2016: 10:34 AM CST

Monday’s strong bullish session thrust price into our 2,070 Fibonacci Target where our reversal occurred.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

I flipped the grid to reflect the recent UPWARD retracement away from the 2,040 level to the 2,100 high.

We’re focusing on the 2,060 level (so far today’s reversal high in the morning) and the two extension pivots away from it:  2,049 and 2,068.

For simplicity, we’re focusing on 2,060 as today’s immediate pivot and 2,050 as a lower support target with 2,070 as an upper bounce intraday target.

Trade the movement toward or away from the 2,060 pivot for your simple intraday plans.

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

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Corey Rosenbloom, CMT

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3 Responses to “May 17 Updated Emini Fibonacci Grid Trading Levels”

  1. Monday Has Strong Bullish Session - Says:

    […] By Corey Rosenbloom […]

  2. Bearish Break Market Update and Stock Scan May 17 | Afraid to Blog Says:

    […] we saw from this morning’s post and the prior planning in the membership, price successfully rallied up away from the 2,040 pivot […]

  3. May 18 Bouncing Bull Emini Target Plan Updates | Afraid to Blog Says:

    […] As I mentioned yesterday, we changed our Fibonacci Retracement Grid to an upward retracement structure. […]