The Raging Bull Continues Emini Grid Update July 22

Jul 22, 2016: 11:09 AM CST

Bear?  What Bear?  Are there any bears left in the world?

Price retraced toward, then bounced up away from, our 2,150 level which set the stage for today’s rally.

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.

We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.

Price DID pull back and reversed above our 2,150 Fibonacci Level, rallying up away from the prior low from July 19.

Note the positive divergence (green arrow) that developed as price moved toward our support target.

Price continues to play between 2,170 and 2,155 and those are the key reference levels for intraday trading now.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “The Raging Bull Continues Emini Grid Update July 22”

  1. Naveed Says:

    This looks very interesting, but it’s there to see how things go from here, I mostly enjoy trading when the trend is clear and I can trade without any worry at all. Also, it’s to do with OctaFX broker and their epic list of advantages that counts with rebate scheme which provides me up to 50% back on all trading orders which is even to do with losing trades too, so that’s why I like it a lot and helps me tremendously with performance.