May 2 Emini Fibonacci Level Planning Update

May 2, 2016: 11:13 AM CST

You may be surprised at how well our short-term Fibonacci Planning Grid is working to call quick reversals.

What are these levels, which level was a reversal point today, and what range are we watching?

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

Simply stated Friday reversed up off the 2,048 level (see Friday’s real-time update that called the low).

We saw a strong rally up toward our 2,060 target and now with today’s gap – and volatility – we’re seeing price play into – and now away from – our 50% Fibonacci Level at 2,069.

For today, use 2,069 and 2,060 as your pivot playground.

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 2 Emini Fibonacci Level Planning Update”

  1. Short-Term Fibonacci Planning Grid Working to Call Quick Reversals - Says:

    […] By Corey Rosenbloom […]

  2. May 3 Gap into Fibonacci Level Emini Update for the Day | Afraid to Blog Says:

    […] Simply stated Friday reversed up off the 2,048 level toward Monday’s reversal point into the 2,077 (see Monday’s real-time update that called the move into the high). […]

  3. Zubi Says:

    It’s so important to work through these key levels, we will easily make big profits this way, but of course, we need to be careful with how we workout things. I find it pretty easy and simple through help of my broker OctaFX, as they’re having awesome daily market news and analysis service, it’s not just easy to follow but also highly effective as well, so that’s why I am able to perform nicely and that always leads to great rewards.