The Can’t Stop Won’t Stop Bull Market Fibonacci Grid July 14

Jul 14, 2016: 10:58 AM CST

Despite tricking us into believing the market would actually pull back (retrace) yesterday, the bulls proved they had one more ace up their sleeve.

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.

The bulls tricked us with another round of aggressive overnight buying.

We still can’t use downside (lower) Fibonacci Retracement Grid levels WITHOUT an actual retracement.

We can instead look to extension targets and the main play will be at the 2,185 level.

In the event price DOES actually pull back from the current 2,160 pivot, look for a move back to the opening gap and eventually down toward 2,120.

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Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

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).

2 Comments

2 Responses to “The Can’t Stop Won’t Stop Bull Market Fibonacci Grid July 14”

  1. leena' Says:

    let’s go with it

  2. Mazhar Says:

    It looks good opportunity for trading on this, but got to be very wise with how we deal up with things, I always go with OctaFX broker where I get excellent support with their swap free account, it’s really awesome to be trading there with no issues over paying overnight charges, so that’s why I can trade smoothly and it helps me with long term trading and there is never any tension or worry to take for me, so it keeps me highly relaxed.