The Expected Emini Bounce Materalizes Today

Nov 4, 2016: 12:10 PM CST

Here we go – after a pullback exactly to our 2,080 target, buyers are creating our expected bounce now.

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

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

First, take a look at yesterday’s update for the larger Fibonacci Grid and our 2,080 target – spot on today.

Next, read these quotes from last night’s premium membership planning report for today:

“We’re actually going to make an aggressive BULLISH BOUNCE forecast going into Friday’s session, mainly because we’re seeing price achieve our Fibonacci Target (I posted yesterday and to blog readers this morning) into 2,080.  That’s also the rising 200 day SMA (see Daily Chart) and we’re seeing POSITIVE DIVERGENCES (see right side of chart) into this support pivot.”

Ultimately, that’s exactly what happened today – and I’m showing the bounce so far with the divergences.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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2 Comments

2 Responses to “The Expected Emini Bounce Materalizes Today”

  1. Intelligent Trend Follower Says:

    Interesting analysis. Too bad the bounce didn’t stick into the market close. I will be curious to see how stocks act next week.

  2. Jonathan Says:

    I think it’s good opportunity to have a trade here with the bounce. We just need to make sure we work with proper plan and sensible approach. I always plan well but apart from that, I always keep strong money management going which is boosted further by OctaFX broker using their 50% bonus on deposit scheme, it’s just so good and helps working out ever nicely keeping me absolutely relaxed and comfortable with everything, so that’s how I can perform well.