Do not adjust your computer monitor – you’re actually seeing the Emini pull back from the 2,400 all-time high.
Here’s today’s updated Emini (@ES) trading levels for your trades:
With the two-day pullback down away from 2,400 @ES, we continue using our Fibonacci Grid as seen yesterday.
Here’s the strategy planning quote from our prior Member Strategy Plan (join us!):
Nevertheless, for our planning Friday and into next week, we’ll be focusing on trading the DEPARTURE away from the 2,380 level.
Note that it’s the 30-min rising 50 EMA (support target) and just above the price and Fibonacci Pivot into 2,368.
With that, look to trade aggressively bearishly TOWARD 2,368 IF under 2,380 here.
If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade