The Crash after the Bounce Emini Fib Grid Sept 13

Sep 13, 2016: 9:57 AM CST

Volatility returned with a vengeance the last three days.

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.

Be sure to reference yesterday’s morning update for additional information for the larger Fibonacci Grid targets.

I highlighted the 2,156.50 level as the 61.8% upside target and that’s again exactly where price stopped yesterday.

The violent sell-swing we’re seeing now emerged from the 61.8% Fibonacci level – right on cue.

What now?  Again, refer to the larger grid while price is beneath the 23.60% level at 2,128.

For now, use 2,128 as your short-term or intraday bull/bear pivot for today.

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Corey Rosenbloom, CMT

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