Same Pullback Same Emini Fibonacci Grid Plan July 25

Jul 25, 2016: 11:11 AM CST

We start the new week with clear echoes to last week.

Namely, we’re still trading within a clear range with clear resistance and support targets in play.

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.

We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.

Positiveand Negative Divergences developed both at the resistance (2,170) and support (2,155) @ES levels as price played “ping-pong” between these pivot points.

The higher Fibonacci Retracement appears at the 2,149 level.

Until we get a breakout, we’ll continue playing the range as highlighted.

Price continues to play between 2,170 and 2,155 and those are the key reference levels for intraday trading now.

Want these levels and additional analysis/strategy planning in advance each evening?

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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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