Still Playing Ping Pong with our Emini Fibs Oct 17

Oct 17, 2016: 12:14 PM CST

Price broke the triangle, fell to the “prior low” target, bounced higher, and is now trading down through our levels.

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

Here’s a reference guide of how to use and trade from these morning updates.

In playing the rally from the prior swing low near 2,110, I wrote to members Friday:

“The reversal candle and downside action of today’s intraday session – despite finding support on the intraday chart – make us slightly bearish going into Monday’s session, especially if price is beneath the 2,128 @ES Level.”

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That’s exactly what happened this morning and now we’re yet again seeing a move down away from our 2,128 level.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Still Playing Ping Pong with our Emini Fibs Oct 17”

  1. Ayaz Says:

    It’s always testing when market is reacting like that because we always want to just get the thing done and not have to wait long or face such issues, so that’s why we all wish to have it done without any complicated scenarios coming up. I love doing scalping which is why I mostly prefer that in such situation and it’s easier with broker like OctaFX which is there for all ways having lowest spread, quick execution of all trades and even zero balance protection is present!