Triangle Breakout to Emini Target Update Oct 13
And just like that, price broke out of the triangle all the way to the initial target of the prior low!
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades:
Here’s a reference guide of how to use and trade from these morning updates.
In targeting the prior swing low near 2,110, I wrote to members last night:
“We’ll expect – for our dominant thesis – a sell swing lower down under 2,128.”
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Here we are, right at the 2,110 as we expected – we’re also seeing the logical bounce/rally up away from our target.
Use the 2,110 level as your lower floor of support and – of course – the 2,128 Fib Level as a potential bounce target.
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Corey Rosenbloom, CMT
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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).
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