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

Afraid to Trade.com

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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).

1 Comment

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

  1. Naveed Says:

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