Resilient Bulls Emini Fibonacci Grid Update Nov 29
I’m not sure the buyers (bulls) know the meaning of a “pullback” but here we are, near the highs again.
All joking aside, Here’s today’s updated Emini (@ES) trading levels for your trades:
There’s no major update today other than the smaller “abc” pullback toward the 2,200 target.
Buyers stepped in once again, not patient enough to let this market retrace even a small percentage.
Nevertheless, the plans remain the same – odds favor a pullback to lower levels while the “alternate” thesis calls for bullish “short-squeeze” plays above the 2,210 level.
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Corey Rosenbloom, CMT
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