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.

Become a member and join us for actionable analysis and trade planning like this!

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

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to

Follow Corey on Twitter:

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 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.